Blog Post

4 Reasons to Hire A Foreclosure Attorney

Apr 15, 2019

While you can defend yourself and your home against a foreclosure without an attorney, it is difficult. Hiring an attorney early on during the foreclosure process can help ensure that you have more options available to you during the process. For example, an attorney can help work out a deal with your lender that allows you to stay in the home or work out a loss mitigation option. Foreclosure defenses are also not a feat that most homeowners are able to handle on their own.

The foreclosure process is difficult to understand and master as court procedures vary from state to state, and even from court to court. Non-judicial foreclosure procedures are incredibly different in separate states as well. Continue reading to learn some of the ways hiring a foreclosure attorney can benefit you.

Help Modify Your Loan

An attorney is able to help you in the loan modification process, which changes the original terms of the loan. The modification might lower the interest rate or extend the amortization term, which an attorney can review the conditions of.

Successfully Defend Your Case

Since foreclosure defenses are complicated, in order to successfully defend your case, there are complex documents such as statutes and court decisions that need to be read and understood. Attorneys review these kinds of documents every day in the course of practicing law and are aware of potential foreclosure defense strategies which have been used to delay foreclosure for years.

Stay on Top of Evolving Foreclosure Laws

Since the mortgage crisis, foreclosure law has been evolving making it almost impossible for someone who is not an attorney, or an attorney practicing in a different area of the law to stay on top of all changes in the foreclosure field.

There to Represent You in Foreclosure Mediation

Some counties in Illinois offer foreclosure mediation programs, where the homeowner and a representative from the lender come together to try to work out an alternative to foreclosure. These alternatives can include loan modification, repayment plan, short sale, and deed in lieu of foreclosure. An attorney is able to represent you in the negotiation process to ensure that the bank treats you fairly.

If you are looking for a foreclosure attorney in North Chicago, Lake County, Waukegan, Round Lake, Zion or Antioch, IL, look no further than Kenneth Borcia. As a foreclosure attorney, we also have the ability to assist you with debt consolidation and many other legal services. Contact us today for more information.

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