Not all legal matters require the services of a lawyer. However, in situations that involve legal disputes and challenges, you may not wish to risk things without getting the advice or assistance of a legal expert. So, if you do not want to lose your home, you may find the services of a reputable Long Island foreclosure attorney indispensable. Read further to know more as to why you should hire a foreclosure lawyer.
Foreclosure law is complex. If you do not have any background on foreclosure law, do not attempt to represent yourself in court. The intricacies of foreclosure law can be difficult to understand. You need a skilled Long Island foreclosure lawyer to understand the complexities of foreclosure law.
The foreclosure process involves transactions that can be long-running. No matter how strong you think your case is, you can still lose without the assistance of a foreclosure lawyer. It can be difficult to fight a foreclosure especially if you defaulted on mortgage payments. An attorney’s thorough understanding of the law, allows him to be a tough advocate for you.
Preparing and filing court documents can be draining and time-consuming. Once a complaint has been served by the lender, you need to answer every allegation stated in it. Failing to respond to the complaint in a timely manner will result in a default judgment against you. It can be a struggle to prepare court documents but with the help and guidance of a knowledgeable Long Island foreclosure attorney, you can answer all accusations with confidence. You can also be sure that your written response to the complaint will be filed properly within the deadline.
Not having a foreclosure attorney could cost you more. Many homeowners hesitate to hire a foreclosure lawyer because they worry about the fees that they are going to pay. But your home is at stake and the entire foreclosure process could hurt you emotionally and financially. An aggressive Long Island foreclosure attorney will consider all available options that will allow you to keep your home.
Reaching a favorable settlement agreement is possible. Hiring a foreclosure lawyer will put you in good position to retain your home. With his expertise, it is possible to negotiate a short sale, repayment plan, mortgage refinance or loan modification with the lender. An experienced foreclosure lawyer can even instigate a plea bargain or a settlement offer, if necessary. You may consider reaching a settlement agreement with your lender if your debt is new and you can afford to make mortgage payments.
Your lender has legal representation. Most lenders have their legal representatives who are working together to fight against any foreclosure defense. Without legal representation, you are at a disadvantage when trying to fight foreclosure against the opposing party. As mentioned above, the law is complicated and a foreclosure lawyer who is representing your mortgage lender (or anyone who has entered into a legal agreement with you) can take advantage of this inequality.
Foreclosure defense options may exist. A trustworthy Long Island foreclosure attorney will assist you in determining and safeguarding all options available for you all through the foreclosure process. Your case will be assessed well so defense strategies can be structured. Sometimes, accounting errors could happen. A foreclosure attorney will check if the mortgage service has made arithmetical inaccuracies in your payment histories. He will find all possible flaws that can be used to prevent foreclosure.
Bear in mind that the most significant aspect of challenging or minimizing the effects of a Long Island foreclosure process is your choice to act. Have your interests and legal rights protected by hiring a licensed Long Island foreclosure attorney.