According to the Federal Deposit Insurance Corporation, more than 6 million Americans have lost their home to banks and other financial institutions since 2007. The legal process of foreclosure requires an individual to return their home to the lender in case they default on a mortgage. Lack of understanding of the laws of foreclosure also contributes to a defaulter’s misery and they end up losing their home. But recently, the trend has changed and a large number of homeowners have begun to fight back by hiring attorneys for foreclosure defense in Wellington FL.
Defaulting on a mortgage can leave serious consequences on an individual’s finances and their ability to live a decent life. In such a condition, it becomes imperative to hire a foreclosure defense attorney to make well-informed legal decisions and to protect one of your most valuable assets from foreclosure.
Hiring an attorney for foreclosure defense in Wellington FL presents the following advantages.
File an appropriate, timely response
Once served with a foreclosure notice from the lender, an individual has only 20 days to respond to it. Therefore, hiring a foreclosure defense attorney becomes essential in order to file a quick yet appropriate response to the lender.
Understand the recovery options
Even when an individual fail to pay their mortgage, they have a number of options open. An attorney can provide valuable advice in this time of despair and help them understand their options. Foreclosure attorneys have the knowledge of law and experience of how a foreclosure works. With their knowledge and experience, they can people accomplish their financial goals and help them in recovering from financial crisis.
Ensure your success against the lender
Fighting against the lender or bank may require an individual to appear before a judge. This can prove to be nerve wrecking for many individuals. Foreclosure defense attorneys have experience of representing hundreds of foreclosure cases in the court, and with their experience and knowledge of the legal process that their client receives the best chances of success against the lender in the court.
Protection from lender deception
As already mentioned, defending a foreclosure case requires knowledge and experience of law. Many individuals are forced to pay back the remaining balance of the mortgage even after their house is sold, thanks to the lender’s right to pursue a deficiency judgment against the homeowner. Hiring an attorney for foreclosure defense in Wellington FL gives an individual the confidence that they will be protected from lender deception.
A foreclosure attorney plays an important role and do their level best in defending their client in a foreclosure proceeding. Not only that they defend their client, they also negotiate with the lender on the client’s behalf and try to work out an alternative in the best interest of their client. To know more, click here.
