How Can A Lawyer Help You With Your Foreclosure?

If you have fallen behind on your mortgage payment, then you may be at risk of foreclosure. Foreclosure means that the bank or mortgage company can come in and seize your house as a way to get their money back. They may sell your house at an auction or at a greatly discounted price. If you are at risk for foreclosure, you can talk to a lawyer to see if they can help you fight the foreclosure and keep your house. But how can an attorney help you with avoiding foreclosure?

Negotiation

The first thing that a lawyer can do for you is to negotiate with your bank. There are several ways they can do that. One thing that they can do is talk to your bank and try to get your bank to accept a smaller payment in lieu of the larger payment that you owe. The attorney can also get them to negotiate a new payment plan altogether. That payment plan could include things all your back payments folded into your new payment schedule, but only a little bit at a time. That way you are able to go forward with paying your mortgage while catching up old payments. 

Litigation

Your case may end up in front of a judge. If it does, you will definitely need to have a lawyer there to help you. There are a lot of things that go into foreclosure law, and they could hurt you if you try to handle it yourself. You really should bring your attorney in before that point, as they may be able to head it off before you end up in court. Generally, by the time you go to court, there may really be no other option left for you besides allowing the foreclosure to go forward. 

Program Applications

There are several programs offered by federal and state governments that may be able to help you with your mortgage. The problem is finding them and applying for them. The application process can be very involved and confusing. Lawyers who handle foreclosures will know which programs you will qualify for and can help you streamline the process. 

Just because you are under the threat of foreclosure, or even have already been served with foreclosure documents, it is possible to fight it, get current again, and keep your house. A foreclosure lawyer can help you that, and can help you get on with your life again. For more information, contact a firm like Kane Funk Poch & Van Massenhove PC.