Prince George’s County Foreclosure Attorney: 4 Mistakes to Avoid
Foreclosure of a home is bad news. If you are facing such bad news, you must hire a lawyer specializing in this field. If you are behind your mortgage payments, you may face this bad news sooner or later and must not delay in seeking legal advice. Foreclosure is something that won’t go away simply by wishing.
Foreclosure is not just a financial and legal mess; it also hurts your sentiments. Your bought or constructed the house with such fervor and love. You are attached to it. Now, you must leave it. This is hard.
And that’s where many people make mistakes by taking desperate steps in their emotional state of mind.
First things first: hire a competent Prince George’s County foreclosure attorney for the best legal advice in this regard.
Second, ignore making the following common mistakes.
Mistake #1: Avoiding a talk with your lenders
You are frustrated and furious, but this isn’t reason enough to avoid talking to your lenders. They are trying to contact you because they want to work with you for avoiding the foreclosure, which is only the last resort. You must talk to them to work out a plan with them.
Nobody likes foreclosures, not even lenders.
Mistake #2: Missing out on options available
This usually happens if you don’t hire a lawyer. When you have a good foreclosure attorney by your side, he or she will guide you on the options available. When lenders declare foreclosure that does not mean you will surely lose your home. You can still save it.
The options include filing for bankruptcy to delay the foreclosure, choosing deed-in-lieu of foreclosure, or selling your house on short sale.
Mistake #3: Damaging your property
Yes, this happens…and often! Out of anger, people deliberately damage their own house. They know the lender will take their house, so better give them a damaged one! They hesitate not in spoiling the interior decors, clogging the drains, or ripping off the floorboards.
Please don’t do this. The lender may accuse you of vandalism. If you are charged, you might have to pay for the damages. Then, you may have to hire Prince George’s County criminal law attorney lawyer.
Mistake #4: Not taking foreclosure notice seriously
You want to avoid foreclosure, so you are taking your lender’s notice lightly. This isn’t a mature way to deal with the situation. That doesn’t mean you must panic, but start planning.
First, contact a reputable law firm and hire a competent Prince George’s County foreclosure attorney. Discuss with your lawyer about options available and whether your foreclosure can be delayed or avoided.
Next, start looking for a new house. If things are serious, start packing. You don’t want the sheriff come to the house with a bunch of people and remove your belongings to the street side, do you?
However, when you hire a good lawyer, you hardly must face such an embarrassing situation. But if you don’t act on time, this may happen. The trick is to create an action plan and swiftly implement it.