Top Three Mistakes that Homeowners in Foreclosure Make

As an attorney who previously represented banks for fifteen years, I sometimes provide consulting to foreclosure defense attorneys who do not have the same knowledge and experience on the bank side. I am also often asked to help borrowers who did not hire an attorney right away or hired an attorney who doesn’t specialize in residential mortgage foreclosure. Here are the top three mistakes that homeowners make:

1) Just Because You Stopped Paying Your Mortgage Doesn’t Mean You Can’t Win Against the Bank

The reality is that even if you stopped paying your mortgage, you can still save your home. There are many ways to do this. For example, my office has a team that can help you try to get a better deal with the bank, which can lower your monthly payment and get rid of the foreclosure case. The smartest thing anyone facing foreclosure can do is to meet with an attorney right away. You can schedule a free phone consultation with us by clicking here.

2) You Can Afford an Experienced Foreclosure Lawyer

There are organizations in every county who offer free legal assistance to homeowners facing foreclosure. For borrowers who either don’t qualify for those programs, or want an attorney who can devote more time and resources than free lawyers usually can, the cost of defending a foreclosure case is lower than you might think. To inquire about our rates and pricing options, email us, or you can schedule a free phone consultation with us by clicking here.

3) Not All Foreclosure Defense Attorneys Are Created the Same

One of the saddest things is when homeowners with great cases against the bank come to me late in their cases. Often, these homeowners have options that they could have explored early in their case, or the bank made mistakes that needed to be brought up early in the case. Sometimes, these homeowners have hired an attorney who does not have a background in foreclosure, and who did not make the best arguments for the homeowner. To obtain a free list of questions that every homeowner should ask before choosing their lawyer, click here.

Always remember that you have options, and the worst thing to do if you receive a foreclosure complaint from the bank is to ignore it.