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Here Are 3 Ways To Forestall the Foreclosure Process

foreclosureSadly, one out of every 200 homes will be foreclosed upon. That might seem like a tiny percentage, but in a nation this large, that means millions of homeowners have faced the prospect of losing their home in just the past few years. The foreclosure process, and any case involving property law, for that matter, can be extremely complicated and overwhelming. For assistance during these trying times, working with experienced real estate attorneys can be tremendously helpful.

There are, however, a few other ways to prevent your home from being foreclosed upon. In addition to contacting an attorney, here are two of the most important.

Don’t Ignore Any Bills or Mortgage Issues

The easiest way to fall into repossession or homeownership trouble is to pretend like there is nothing wrong. Even if you are struggling financially, there are more effective ways to handle your situation than just hiding from your bills and ignoring all those unopened envelopes at your home. Contact real estate attorneys and other professionals who can helpbefore things get too difficult to overcome.

Mortgage lenders will typically sympathize with you if you are genuine, inform them of why you have missed payments, and show a clear commitment to repay your debts. Remember that the bank doesn’t want to foreclose on your home, which will cost them money, too. If you are rude, on the other hand, and just ignore your payments, you won’t find the help you need and you’ll end up in serious financial trouble.

Stay With the Plan

Once you’ve consulted with your real estate law firm’s attorney, mortgage lender, and any other professional lending a hand, it’s time to sit down and figure out the best way to get out of this unfortunate real estate situation. Determine whether or not there are steps you can take to protect your home, as, sadly, sometimes there are no other options. In the worst case scenario, you’ll have to just let the foreclosure process run its course, but you can always come back from that, as well. If you find out there is something you can do, it’s absolutely essential that you stick to that plan, no matter what.

You might find that you can protect your home if you cut additional expenses like eating out, expensive vehicle repairs, and premium television and Internet services. Whatever you plan out and decide to do, you cannot give up prematurely. The goal is to protect your home, so it’s on you to do everything in your power to do so — decide on a plan and stick to it.

Although the foreclosure process is incredibly nerve-wracking, as long as you act responsible, know who to contact, and stick with your new financial plan, you should at least set yourself up for the highest chance of success.

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Do You Really Need a Real Estate Lawyer? Here We Explain Why

real estate lawyerIf you are looking to buy a new home or a commercial property, then you should consider hiring a real estate lawyer that will help you throughout the process. Many homeowners don’t understand the true benefits of hiring a real estate attorney, so below we describe why these professionals are crucial to your home buying journey.

They will read everything
There is a lot of paperwork that comes when you buy a home. This can be a headache for anyone to deal with, but if you have a lawyer present you won’t have to comb through every headache-inducing document. Your lawyer will read through everything and raise any concerns if need be.

They can negotiate the lease agreement
Real estate contracts are full of legal jargon and can be quite complex. Luckily for you, a real estate lawyer can draft any amendments and proposals and will be able to argue any changes if you are concerned in any way. You won’t have to worry that you are blindly signing a contract, as the lawyer will be there every step of the way.

They will help your contingency plan become successful
If you are going to be buying and selling a home at the same time, you may find that you have bitten off more than you can chew. Not only can your lawyer negotiate a purchase and sale agreement, they can also simultaneously offer open houses to show off your home. As an extra perk, they will even represent you at the closing of your property so you don’t even have to show up.

They are the experts
Real estate lawyers know what to look out for during the home buying and selling process, including details that are often ignored by a homeowner. This includes looking out for zoning restrictions, adverse possession, and property disputes. They also may be able to close the sale faster. For example, in California, it takes an average of 40 days to close on a home, and this time can be sped up when working with a professional.

So what are you waiting for? Call a real estate attorney today to get started on buying the house of your dreams.