Foreclosure is an age-old concept. It is the legal right of any mortgage holder or other lien holders to take over your property and sell it off to regain the mortgage amount in case you have failed to pay it off. Obviously, the process is open to numerous fraud and unfairness. Hence, if you find yourself amidst a foreclosure or if you are purchasing any foreclosure property, you should get a foreclosure attorney Miami, by your side.
Reasons to Hire a foreclosure attorney
In today, turbulent times, most of us are struggling to keep up with our house payments. It is evident with the growing number of foreclosures happening with each passing day. Taking a proactive step and consulting a foreclosure attorney Miami can prevent the situation from getting drastic for you. We state below a few vital services that they provide to help you.
- If you are struggling to pay your house loan, the foreclosure attorney can talk to your lender and negotiate a loan modification. This allows you to stay in your house and comfortably pay your loan amount. This means they can avoid foreclosure with a simple smart move.
- Most often, lenders are not cooperative with loan modification requests. They also try to tilt the negotiation strictly in their favor as they know that your back is against the wall. While you may not understand these tactics and fall prey to it; the foreclosure lawyer can easily recognize the signs. They are experienced and cunning enough to fail such tactics and strike a fair deal for you.
- Many states offer the option of mediation between you and the lender so that both of you come to an agreement and strike a fair deal. The attorney can easily represent you in mediation and come to a settlement within a stipulated time.
Given the arguments, it is always wise to consult a foreclosure attorney early to avoid any pitfalls.
Tips to choose the right foreclosure attorney
Any foreclosure case can take the complete opposite trajectory if not represented and tackled well. Hence, you must select the right foreclosure attorney, Miami to represent you. The following tips would help you.
Look at the right places
You need to search for a credible and reputed foreclosure attorney at the right places. You can seek references from your friends and families in case anyone has used the services of such a lawyer before. If not, Google remains the best place to pull out some of the most notable and trustworthy names. The state bar also provides referral services for lawyers. Getting a lawyer from these sources would boost your confidence and faith in them.
Create a thin list
You would inevitably get a long list of names as you try to search for a credible lawyer from various sources. Hence you need to bring down the list to just three to four names for further scanning and selecting. Depending on your requirements, you can narrow down the list. Your requirements imply if you need to refinance, go for a short sale, file a bankruptcy or take any other course.
Compare the services
Now that you have a limited number of lawyers on your list; it’s time to compare and contrast various aspects of their services like their expertise area, experience, success rate, availability, service fees, services offered, proximity, etc.
It would help you narrow your list to two and maximum three contenders.
Book a consultation meeting
You must book a consultation meeting with the last contenders before making the final selection. You will have a detailed insight into the work to be done and get clarity on all your doubts and confusion. This would help you make the final decision with ease and confidence.
The selection of the foreclosure attorney, Miami can make or break your case. Hence, you must always have the foresight and pinpoint one to avail their services long before any crisis hits you.