What You Should Know About Foreclosure

Foreclosure is a legal process that allows a lender to take back property securing a loan after the borrower has failed to make payments. Foreclosure can be an overwhelming and confusing process, especially if you don't know what to expect. That's where an experienced foreclosure attorney comes in.

At The Law Office of Erick DeLaRue, PLLC, we specialize in foreclosure defense and can help guide those dealing with foreclosure in the right direction. In this blog post, we highlight four things you should know about foreclosure in order to make the process a little less daunting.

You Have Options

One of the most important things to remember when dealing with a foreclosure is that you have options. You don't have to simply sit back and let the foreclosure process happen - there are ways to fight it. A foreclosure attorney will be able to discuss your options with you and help you decide on the best course of action for your situation.

Your Lender Will Likely Work With You

Another thing to keep in mind is that your lender likely doesn't want to see you go through foreclosure. The process is costly and time-consuming for the lender, so they will often work with borrowers who are struggling to make payments. An experienced foreclosure attorney can help negotiate a payment plan or other solution with your lender so that foreclosure doesn't have to be the next step.

The Foreclosure Process Can Take a Long Time

While the foreclosure process can vary from state to state, in general, it takes a long time. In Texas, for example, it takes about six months for most foreclosures to go through. During this timeframe, you will likely be able to stay in your home and continue making payments without penalty. You can also work with your foreclosure attorney to formulate a plan that will allow you to keep your home.

Working with a Foreclosure Attorney is Essential

A foreclosure attorney can help you navigate the complex foreclosure process by giving you advice and guidance as it pertains to your situation. They will also be able to handle any legal tasks that need to take place during the process. Simply put, an attorney can guide you through the process and help you get the best results possible for your situation.

If you're dealing with a foreclosure, it's important to remember that you have options. Working with an experienced foreclosure attorney is the best way to make sure those options are explored and executed in the most beneficial way possible. Contact The Law Office of Erick DeLaRue, PLLC today for more information on our foreclosure defense services.