If you are running behind your monthly mortgage payments and facing the risk of foreclosure, you will need to make a decision about whether you want to fight foreclosure proceedings or comply with the wishes of your bank or lending institution. Foreclosure would force you to vacate your property and also impact your credit rating negatively.
Therefore, it is imperative that you hire a foreclosure defense lawyer to prevent foreclosure either by the modification of your existing loan or extension.
How can a foreclosure defense lawyer help you?
A competent and professional foreclosure defense lawyer will exercise his professional expertise and judgment and will be able to represent your case much more effectively, which will strengthen your case.
Firstly, a foreclosure defense lawyer will file a notice of appearance, also known as NOA, with your bank and the court, which will enable him to officially represent you in the case. After the filing process is completed, the bank will provide information directly to your lawyer and he will manage all the paperwork on your behalf.
Secondly, your lender must have filed a foreclosure lawsuit against your home. Consequently, you may receive a summons from the court. The bank assumes the role of the plaintiff and you become the defendant party of the case.
Your lawyer will exercise your right to respond by stating your intentions to fight the case in order to save your home. Using his experience and knowledge, he will be able to highlight the weak link of the complaint, which can easily be ignored by a common person.
Thirdly, he will represent you and advocate on your behalf in the settlement conferences, if any, between you and your bank. It is an arrangement where both parties meet with a referee appointed by the court in order to come to a resolution. You cannot expect to face the bank attorney without a seasonal foreclosure defense lawyer as you will be comprehensively outmatched due to their professional experience and skills.
Finally, during the period when solutions such as loan modification are designed, your defense lawyer will use foreclosure defense strategies in order to save you from foreclosure. A knowledgeable lawyer can utilize different strategies depending on the circumstances and nature of your case to buy you enough time to give you a commanding position in the case.
If you wish to know more about this subject and speak with an experienced foreclosure defense lawyer, contact the offices of Covert & Covert LLP at (630) 717-2783 and schedule a free consultation session.