In this article, you can learn:
- The biggest mistake homeowners make when facing foreclosure that is easily avoidable.
- Important qualities to look for in a foreclosure attorney before hiring them to represent your case.
- How not having home equity can create complications when selling a distressed home.
What Are Some Common Mistakes Homeowners Make That Can Be Avoided By Working With Your Firm?
The most common mistake borrowers make is not taking any action. They think that if they have not paid their bills, there is nothing else to be done. This assumption could not be further from the truth.
There is a lot that can be done. If you hire a foreclosure attorney, there are many ways we can help. First, we can counsel you through the process. We can also slow things down enough for you to determine the best outcome, and help you take steps to achieve it.
Even if losing your home is inevitable, that does not mean you can’t get there in the most beneficial way possible. We can save you time, we can save you money, and we can keep you in your home for much longer than you would be if you do nothing to defend the foreclosure.
The opportunity to save money and stay in your home – as opposed to being quickly kicked out of your home – is huge for a borrower or homeowner. For starters, they will need to save up money in order to find somewhere else to live.
We recently had a client contact our office on a Friday, and they were scheduled to have their home sold at a foreclosure sale on that Tuesday. We were able to have the foreclosure judgment dismissed and the foreclosure sale canceled. We are now in the process of probating their home, and we will have their home sold before it goes to foreclosure.
We got lucky that a mistake was made that allowed us to call it back. While this was a rare case, it shows how a foreclosure attorney can turn the situation around for a homeowner. Our main recommendation for those facing foreclosure is to not wait too long before reaching out to a lawyer.
Generally speaking, the main problem for homeowners is that they are unaware that they have lots and lots of options. An attorney who has a decade or more of experience with foreclosure work can help ensure that the foreclosure process runs smoothly and that the homeowner gets the best end result possible.
What Should I Look For In A Foreclosure Defense Attorney To Help Save Or Sell My Property?
One of the most important things to look for in an attorney is someone with years of experience working in the industry. It is also beneficial to work with a lawyer who has access to various lenders and buyers. This increases your choices when it comes to refinancing your loans or selling your home.
At Dubyak Law Firm, P.A., we can help you with refinancing through our network of lenders. We have access to all kinds of buyers as well, including buyers who will pay cash for houses in any condition, and will pay what is necessary. If you have equity in your home, we can find someone to buy your house very quickly.
Additionally, if you want to actively market your home through real estate companies, we work with various brokers who can get your house marketed and sold for top dollar.
When you are searching for a foreclosure attorney to save or sell your home, you should look for someone with a proven track record and with contacts who can make all your available options a reality. You need someone with experience to defend the property, and the connections to help you either save the home through various lenders, or get your home sold through a network of buyers.
Foreclosures can cause much distress and difficulty for those who don’t know what to do. At Dubyak Law Firm, P.A., we have the knowledge and skills that are necessary for successful foreclosure cases, in addition to our professional real estate and lender network. We have a strong understanding of foreclosure proceedings, and we are committed to helping our clients find solutions to their foreclosure concerns.
What Makes Saving Or Selling A Distressed Home So Complex?
Selling a distressed home is not always complex. In fact, it can be just like any other sale if you have equity in the home.
However, if you do not have equity in the home, what can make it complex is working with your lender’s servicers. A lender might be a bank that owns your loan, but typically, the lender also has a servicer.
The lender pays a small fraction of your loan interest rate every month to a servicer, who takes actions on behalf of the lender. These might include:
- Collecting and processing your payments
- Sending out letters on behalf of the lender
- Answering your phone calls
- And more…
This creates a giant bureaucracy of a low-paid middleman who is responsible for processing the paperwork. This setup is not an efficient way of handling these operations. If you think getting a home loan through a traditional bank is cumbersome, getting a loan modification through a lender servicer is even more difficult.
When you are in foreclosure there the bank has a law firm working for them. This creates yet another layer between you and your lender. That is you have to deal with the law firm, who deals with the lender servicer, who then deals with the lender. This scenario is what makes it so complex if you have no equity in the home. Let the Dubyak Law Firm, P.A. deal with this for you.
If you have equity in your home and you would like to sell the property, we can get it sold very quickly. Here at Dubyak Law Firm, P.A., we can guide you through a variety of real estate and foreclosure-related issues.
We can help you with matters such as real estate closings, getting your home foreclosed, foreclosure defense, or getting your home marketed for sale. We can even include payments in the final closing of your home so you don’t have to pay any money upfront for our services.
With the guidance of a skilled attorney for Foreclosure Cases, you can have the peace of mind that comes with knowing that we’ll make it look easy. For more information on Foreclosure Law in Florida, an initial consultation is your next best step.