A common question we get is, “can a foreclosure lawyer stop foreclosure?” The short answer is yes, a lawyer may be able to stop foreclosure, but it depends on the situation. Working with a foreclosure lawyer to help you throughout the foreclosure process brings a wealth of knowledge to help you in your case.
The foreclosure process can be long and complicated, especially for homeowners who aren’t familiar with the process. Experienced foreclosure attorneys can help fight it by offering their knowledge, experience, and resources. If you’re facing foreclosure and unsure of what step to take next, you should consider consulting an attorney.
Denbeaux & Denbeaux Law has represented thousands of New Jersey homeowners in foreclosure defense cases. With the help of an experienced foreclosure lawyer, we can help you explore what options you have to defend your home. Contact Joshua Denbeaux to schedule a free consultation today.
What Is A Foreclosure Attorney?
A foreclosure defense attorney is essentially a lawyer that helps homeowners going through the foreclosure process. They assist with the legal proceedings of foreclosures, like answering the Notice of Intent to foreclose, negotiating with the mortgage company for a loan modification, investigating whether there have been homeowner right violations, defending homeowners in court, and more.
Homeowners interested in working with a foreclosure attorney should start by figuring out which attorney you want to be represented by. Denbeaux & Denbeaux Law offers a free initial mortgage defense consultation where you can figure out if we are the right fit for you and your case.
During this free consultation, homeowners can also ask questions and address concerns they may have about the foreclosure process and working with a foreclosure attorney.
How Can an Attorney Help Stop a Foreclosure?
There are several resource options homeowners can choose from to help them fight foreclosure. To stop foreclosure, you must find the right option for your particular situation.
We’ve seen homeowners waste precious time trying to figure out what step to take, or pursuing an option that didn’t best fit their needs. To ensure your time and energy aren’t wasted during the foreclosure process, you should strongly consider consulting a foreclosure attorney.
An experienced foreclosure attorney like Josh Denbeaux may be able to assess the details of your foreclosure and help you create a plan using an option that fits best for you.
Loan Modifications
A loan modification is an agreement that allows you to change the current terms of a loan. These changes can include reducing the interest rate, splitting the payments into smaller amounts, or extending the loan to reduce payment amounts.
Lenders can deny loan modifications, but an experienced attorney understands the qualifications you’ll need to meet to be approved. People who aren’t familiar with the process often make simple mistakes on their applications due to their lack of knowledge and resources.
Working with a loan modification attorney like Josh Denbeaux can help you figure out how to apply and get approved for a loan modification quickly and efficiently.
Forbearance
Mortgage forbearance is an agreement with a lender that provides short-term relief to homeowners struggling to make their mortgage payments. During the forbearance period, mortgage payments can be suspended or reduced. At the end of the forbearance period, homeowners are still responsible for catching up on the amount owed on their mortgage.
Forbearance often gets confused with repayment plans and loan modifications. While there are similarities between the three, there are also distinct differences that are important to be aware of. An attorney can walk you through the details of each plan to help you choose the best course of action.
Loss Mitigation
Attorneys can also help you through foreclosure through loss mitigation. Loss mitigation is the process of minimizing your loss in a foreclosure. Unfortunately, this option can often be withheld from homeowners by the lender or bank. Working with an attorney may help ensure you’re aware of all resources available.
Protect Your Rights
Foreclosure is a legal process that provides rights for both sides involved. Homeowners have as many rights as lenders do during foreclosure. Knowing and understanding your homeowner’s rights will help you navigate the process easily. A foreclosure defense attorney may be able to help ensure those rights are upheld and look for RESPA and servicer violations that you may have missed.
Contact an Attorney Today
While an attorney may be able to stop a foreclosure, it ultimately depends on your particular circumstances. Foreclosure is a complicated process that requires a lot of time and energy.
Attorneys with the proper knowledge and experience can use their resources to help homeowners find the best option to stop or delay foreclosure.
Don’t wait until it’s too late. Schedule a free consultation today to learn how Josh Denbeaux may be able to help you stop foreclosure on your home.
