Hiring a lawyer is an excellent idea for anyone going through or considering a mortgage modification. A lawyer is a skilled professional who knows the intricacies of the system and who works as your advocate during what is often a complicated and daunting process. Every homeowner’s situation is different, so consulting with a lawyer will help you understand the best course of action for your particular circumstances. You might discover, for example, that:
- A mortgage modification is an attractive alternative to foreclosure.
- A short sale would allow you to give up the property in a way that is beneficial to you.
- You can go to court to contest your foreclosure.
- Your legal rights have been violated by lenders.
Laws exist to protect your rights in the process of a mortgage modification, but these rules can change. A lawyer will know the latest amendments to these laws and can therefore offer you expert advice. Since you will find it much harder to reestablish ownership of your property after a foreclosure is finalized, making sure you have an expert advocating for you during your mortgage modification is the best decision you can make. Contact the skilled lawyer at W. Mack Rice for assistance today.