If you’re behind on mortgage payments or facing foreclosure, you may be searching for an attorney mortgage service.
A common strategy is to google “attorney mortgage service” and just start calling down the line of attorneys that pop up in your area.
The biggest challenge you will face is that attorneys who perform mortgage services may or may not be able to help you.
For example, it is common for attorneys to perform escrow services, so you may accidentally end up talking to an attorney who works on closings for real estate transactions.
In addition, there are also attorney’s offices who work on behalf of the mortgage companies, performing “attorney mortgage services.” These offices often work as Trustees, helping the mortgage lenders execute the foreclosure.
Because lenders have mortgages all over the country, it is common for mortgage servicers to hire attorney’s offices to perform mortgage services for them.
So, if you’re searching for someone to advocate on your behalf, against a mortgage lender, be sure they do the following things:
The 7 important traits of a good attorney mortgage service
- They help you understand the government programs that may assist you with foreclosure prevention.
- They talk to you about all of the types of loss mitigation options that may help you stop foreclosure.
- They help you understand the foreclosure laws that protect you.
- They help you understand whether you are facing a judicial foreclosure or a non-judicial foreclosure.
- They help you understand the timeline of your foreclosure process.
- They can help you build a tailored plan for your particular situation.
- They will represent you against your lender to help you resolve the issue and avoid foreclosure.
You want your attorney mortgage service to do these things
- Stay in constant communication with your servicer
- Know when and how to escalate a problematic matter to management
- Track your foreclosure status and keep you updated on your timeline
- Negotiate agreements to keep the home, lower monthly payments and interest rates
- Negotiate agreements to vacate the home and avoid a deficiency balance (short sale negotiation)
- Serve as a distressed sale manager as you sell your home for equity to avoid foreclosure
- Negotiate settlements for any additional liens on Title (or pull payoffs from additional creditors if negotiations are not feasible)
- Handle the reinstatement process until your loan is brought current
- Request and review payoff quotes from your mortgage lender
- Communicate with your foreclosure Trustee about your sale date and any potential foreclosure postponements
- Represent you in state-specific help programs like Foreclosure Mediation
- Keep you advised of all available options, back-up options and timeline considerations as you move through your plan to avoid foreclosure
Something to be aware of…
Companies that offer you a “foreclosure refinance” or an easy loan to stop foreclosure may be scamming you. These companies may not always be making you legitimate offers so be careful that you don’t get taken advantage of during a stressful time.
The reasons for speaking to a mortgage and foreclosure defense attorney when you’re in this situation because:
The consequences of foreclosure can be devastating…
They often include an auction of your property followed by a short move-out timeframe. As soon as you are aware that you are facing foreclosure proceedings, you should get some help.
If you are in Washington State and looking for legal service or a foreclosure attorney near you, please reach out to me at The Law Office of Nadia K. Kilburn: 425-654-1674.