Lawyers are perhaps among the most in-demand professions in the world. With so many disputes over crimes against a person’s rights to good health, freedom of choice, or property, among other things, there is clearly a great deal of room for attorneys to practice their craft.
Home foreclosures are especially rife with opportunities for consulting with a Long Island foreclosure lawyer. Since each state’s laws on the process can vary and since every foreclosure case is unique, it’s a no-brainier for many people facing the prospect of losing their homes to consult with a Long Island foreclosure lawyer.
However, there are some cases when a foreclosure case would not merit the additional expense of hiring a Long Island foreclosure lawyer. While the following list is not absolute, it does feature instances where you probably do not need to hire a foreclosure lawyer:
1.) You simply want to remain in your house during the foreclosure process. If you have no intentions of contesting the foreclosure suit and simply wish to stay on the property up until the foreclosure process is completed, then you do not need the services of a Long Island foreclosure lawyer.
Generally, you still own your home or your property up until the moment of eviction and can thus still reside in it if it suits you. Also, in certain states, you can even remain on the property grounds until the sale of the latter has been ratified or until the new owner of the property will evict you.
While you would not need a lawyer in this case, it would still help to brush up on your rights to the property during the foreclosure process by reading up on your state’s general laws on foreclosures and procedures.
Do note, on the other hand, that you would need a lawyer’s assistance in case the loan service or the bank who owns your loan either removes your personal possessions from the property or changes the locks on the doors before the end of the foreclosure process. An attorney could help you either retrieve your possessions or regain access to the property after your service or bank’s premature actions.
2.) You only need assistance with applying for a loan modification. If your strategy has more to do with adjusting or modifying your mortgage, you do not need to hire a foreclosure lawyer for advice. You can simply avail of the services of a housing counselor for free. The counselor’s task would be to help you and your loan servicer to come up with a new loan agreement or structure to stave off foreclosure.
Nearly every state has agencies that deal with counseling on housing matters, and you only need to consult the US Department of Housing and Urban Development’s website to find one close to you.
3.) You plan to submit an application for modifying the loan to buy you time in the home. If you need more time to come up with funds for refinancing your loan, you can do so by providing your loan service with a loan modification application. That way, you can buy yourself some time to restructure the loan and perhaps even score a lower mortgage payment that will also allow you to remain on the property’s premises.
This move will not require a lawyer as you can come up with the application yourself and your service will still have to allow you to appeal even if s/he happens to deny your application.
4.) You don’t have any defense against the foreclosure. If you are clearly in the wrong (i.e., having defaulted on your payment terms) and your servicer has treated you lawfully, then hiring a foreclosure lawyer wouldn’t help matters much either.