Owning a home is part of the American dream. Unfortunately, homeownership has become a nightmare for millions of Americans who are facing foreclosure. If you want to prevent the bank from taking your home, it’s important to hire a Foreclosure Lawyer in Royal Palm Beach to assist you with achieving that goal.
Contrary to popular belief, banks do not like foreclosing on homes. It’s expensive and time consuming to take a house from a homeowner, and the company risks losing that customer for life. Additionally, banks often lose money in the process. It is in the banks’ best interest to develop a solution that allows homeowners to remain in their houses and continue paying on the loans. Make no mistake, though, the bank will exercise its legal right to repossess a home if payment from the homeowner is not forthcoming.
A foreclosure defense attorney understands that not all foreclosure cases are cut and dried. Many times there are extenuating circumstances that the court must consider before rendering a judgment in the case. One of those may be that the bank perpetuated fraud when underwriting and servicing clients’ loans. Another issue may involve the bank improperly serving homeowners’ notice of foreclosure, something a top foreclosure attorney could use to get the case dismissed.
Even if the foreclosure suit is valid, there are several other things a Foreclosure Lawyer in Royal Palm Beach can do to help the homeowner retain his or her property. The attorney could petition the court to send the case to arbitration, and then negotiate new loan terms with the bank on the client’s behalf that lets both parties get what they want: the homeowner retaining ownership of the home and the bank receiving regular payments.
No matter the circumstances surrounding a foreclosure case, there is no reason to give up without a fight. After all, you invested thousands of dollars and many years of love into your home. It’s worth the effort and expense of hiring a foreclosure defense attorney to help you pursue legal avenues that lets you retain the house. When you receive a notice of foreclosure, take it straight to an attorney and begin working on a plan to stop the process and keep your home.