If you are dealing with the risk of foreclosure on your home, it can be tempting to want to handle everything by yourself rather than hiring an attorney. However, if you do so, you may wind up costing yourself far more than just money. Here are five reasons why you should hire a foreclosure lawyer to help you handle your foreclosure:
- Dealing with foreclosure is time consuming
- The foreclosure process is long and difficult at the best of times, and that is true even if you are familiar with the law. If you are like most people, you probably are not very familiar with the law, making things even more time consuming. A foreclosure lawyer can take that burden off your plate, saving you valuable time and effort.
- A foreclosure lawyer already knows the law
- Foreclosure law can be incredibly complicated at times, and the ins and outs can be difficult to navigate even for someone with legal training. For the average homeowner, it can be overwhelming, which can make it incredibly difficult to defend yourself against a foreclosure proceeding. A foreclosure lawyer is already familiar with the law, however, and is thus better equipped to argue the case than you are.
- You can potentially save money
- A major reason that people choose not to hire a foreclosure lawyer is that they fear the cost of doing so. However, realistically speaking, trying to manage a foreclosure on your own can cost you in other ways. In the end, many people wind up saving money by hiring a lawyer rather than trying to handle a case on their own.
- You do not necessarily know all your options
- Just because you are being foreclosed on does not mean that you will necessarily lose your home. There are a number of potential options available that can potentially help you avoid the worst consequences of foreclosure, or at least to help mitigate those consequences. Without the aid of a foreclosure lawyer, though, you may not know how to take advantage of those options.
- A foreclosure lawyer can negotiate on your behalf
- A large part of the foreclosure process has little to do with the law itself, and more to do with negotiating with your mortgage lender. Doing this by yourself can be daunting, but lawyers are practiced in handling these sorts of negotiations. Let your foreclosure lawyer negotiate on your behalf, and you are more likely to have a positive outcome than if you tried to handle everything yourself.
At David J. Lorber & Associates, PLLC, we assist clients throughout New York who are at risk of losing their homes to foreclosure. We will explain your options and guide you in making the best decision for your circumstances. Call us at (631) 750-0900 or contact us online to schedule your Free consultation at our Setauket office.
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