Should You Hire A Foreclosure Lawyer?
Families faced with the possibility of foreclosure often feel helpless and trapped – when stuck with an underwater mortgage that leaves you owing more than your home is worth, it can be hard to see a way out. The bank can seem like a formidable opponent in court, and while it is true that courts tend to favor the lender in foreclosure cases, far too many people give up without even trying to fight what can seem like an inevitable conclusion. At the , we know that your case is far from over. Even in situations where foreclosure cannot be avoided, we can help to ensure that the impact on your personal finances and credit score will be as minimal as possible.
You May Have More Options Than You Think
There are many possible ways to fight foreclosure, and only a skilled and experienced foreclosure defense attorney can help you decide which approach will be the best for your specific situation. Foreclosing is an expensive legal process for the bank, so there are alternatives we can suggest that may be in everyone’s best interests. To fight to keep you in your home, it may be possible to negotiate a debt settlement that will allow you to pay less than you currently owe – while most lenders are reluctant to consider this option at first, attorney Jerry Borden can advocate for this as an alternative to the lengthy and expensive foreclosure process.
In the event that you are ready to leave your home and move on, we can put our considerable resources and energy toward persuading the bank to accept a deed in lieu, which entails their forfeiting the right to pursue a deficiency judgment, or to allow you to perform a short sale. In the latter case, it will also be important to negotiate for an additional waiver of deficiency, as we do not live in a non-recourse state.
Foreclosure Defense Attorney In Chicago
We at the , know your options, and we know the law. Facing the possibility of foreclosure is an immensely stressful situation for any family to find themselves in, and you don’t have to face it alone. Let us handle the legal matters with you in the way that makes the most sense for your individual case. We can pore over all the legal documents at hand and find any errors or instances of fraud that may get you off the hook and protect your financial future.
If nothing else, we can help to ensure that you get the best possible outcome and can use the process to buy your family a little more time to get everything in order. Whatever your situation, attorney Jerry Borden can help. Contact us today to discuss your case and secure a skilled and trusted lawyer on your side. Call us at 312-655-1000.