How to Handle a Foreclosure 

Any kind of financial issue is incredibly stressful to deal with. Getting a notice of foreclosure on your home is one of the most frightening things, as it offers security over your head and for your entire family. As soon as you get a foreclosure notice, be sure to contact a foreclosure lawyer, like one from The Law Offices of Neil Crane, so that you have an expert on your side fighting for your rights. You need a place to live, and your lawyer will make sure that he or she does everything in their power to keep you safe. There are often several different avenues to take that will make the process easier or avoid it altogether. It is crucial to have someone on your side who understands the laws of your state, though, and will be able to navigate through these difficult waters with you. Here are a few things you can do when you get a foreclosure notice. 

Hire a Foreclosure Lawyer Right Away

Before responding to a foreclosure notice, you need to retain the assistance of a lawyer. He or she can do all of the correspondence regarding this so that you do not say anything that could jeopardize your case. A lawyer will know what to say, and just as important, what to avoid saying. Your lawyer can give you advice on what steps to take next. 

Consider a Mortgage Modification

If you are unable to make payments on your mortgage, you may be able to modify it and even get lower interest rates. A lawyer can go through this with you and see whether it is a reasonable option for your situation. 

File for Forbearance 

This process will allow you to take a break from making payments on your mortgage, but is not a permanent solution. It is temporary relief and you will eventually need to resume making payments. Only some people will qualify for this – your lawyer will be able to tell you whether this is a viable option for you. 

Be Open to the Options Offered

Your lawyer is experienced in this field so will know what options seem best for your own situation. He or she will have helped other people through the same kind of issues and understand what it will take to hopefully save your home for you. Your lawyer will give you different choices and although they may seem difficult, you can trust that your best interest is being considered when your lawyer is giving you options. Do not hesitate to seek help. The sooner you do, the faster you will begin to feel relief from this stressful situation.