Get Representation to Negotiate with Your Lender and Save Your Home
If you are facing foreclosure, you should know that it isn’t a death sentence to your homeownership. Many homeowners go through the entire foreclosure process without knowing that they have the ability to negotiate with their lender to stop foreclosure and keep their home. This is because, as a general rule, lenders do not want to own homes and deal with the expense and hassle that comes with the foreclosure process. If you can come to terms with your lender, you can renegotiate your mortgage so that you can afford your payments and stave off foreclosure.
When Should I Start Negotiating With The Bank?
It is important to begin negotiations with your bank as soon as possible. This means that as soon as you are aware that your home is in foreclosure or pre-foreclosure, you should speak with a Los Angeles foreclosure negotiation attorney. The earlier you begin the negotiation process, the more likely you are to have success in stopping foreclosure. It’s important to remember that banks are large organizations that handle many cases and often have long wait times for responses to individual homeowners. Beginning the process early will maximize your chances of redeeming your mortgage by allowing time for a response from the bank before it’s too late. Call SM Law Group today if you are in pre-foreclosure or foreclosure and our attorneys will help you negotiate to lower your mortgage payments or otherwise change your payment structure so that you can keep your home.
How Does an Attorney Help With the Negotiation Process?
Many clients want to know why they should hire an attorney for the foreclosure negotiation process. The answer is simple. An attorney who understands the way banks work, the foreclosure process, and the legal issues that are related to foreclosure can put more pressure on the bank than an individual homeowner. The attorneys at SM Law Group are skilled negotiators who understand the ins and outs of foreclosure and mortgage law. In addition, our attorneys also will advise clients on other legal options that could help save them from foreclosure. For example, Chapter 13 restructuring bankruptcy can help you reorganize your debts and will stall the foreclosure process until you are able to renegotiate a financial plan that can help you keep your home. Having an attorney as your advocate throughout the foreclosure process will increase your chances of succeeding in renegotiating your mortgage and saving your home.
Call SM Law Group to Ask About Foreclosure Negotiation
The attorneys at SM Law Group are here to help homeowners of Los Angeles with their foreclosure issues. Our firm is dedicated to representing victims against insurance companies, banks, and corporations. If you are at risk of losing your home to foreclosure, you owe it to yourself and your family to fight back against the bank and try to prevent foreclosure from taking your home. Our understanding attorneys and staff can help by reviewing your financial situation and helping you make important legal and financial decisions.