Homeowners across America have many of the same questions about foreclosure as you. However, each foreclosure proceeding involves specific factors that will influence the options available to homeowners in a uniquely. Some of the factors that can make each foreclosure different include:
We hear about foreclosures every day. In the news, on the Internet, in magazines and in everyday conversation. Unfortunately, as a result of the recession, the sub-prime mortgage mess and the housing market decline, there have been record numbers of foreclosures across the country the last couple years.
If your are facing foreclosure, choosing a foreclosure lawyer is critical because you need an experienced attorney that knows the foreclosure laws and that can defend your rights and make sure that your lender has gone through the foreclosure proceedings correctly.
If you decide not to fight the foreclosure process and to lease your home, you should contact your attorney. You may be able to do a deed in lieu of foreclosure where you simply sign the deed back over to the lender and walk away. Just walking away without a legal option such as this, opens you up to foreclosure proceedings against you and the sale of your house at an auction. A foreclosure ruins your credit as well.