Foreclosure attorneys can represent creditors and debtors in foreclosure proceedings.
A foreclosure attorney is an attorney who specializes in foreclosure proceedings. Foreclosure attorneys may work for banks and other financial institutions that process foreclosures on an as-needed basis. They can also work on the other side of the process, advocating for clients who are contesting foreclosure or trying to negotiate. Pay rates for foreclosure attorneys vary depending on where they practice and how many years of experience they have.
Finding a foreclosure attorney can be challenging, as some take advantage of people who are in vulnerable positions.
Like other legal professionals, a foreclosure attorney must attend law school and pass the bar in order to practice. In the final years of law school, the attorney takes electives that provide a foundation in the areas of law related to foreclosure. Once qualified to practice the profession, the lawyer can apply to law firms or legal departments of financial institutions, or choose to practice independently.
A foreclosure attorney will confirm that the financial institution is complying with the law at all stages of the process and can help the client fight foreclosure.
Foreclosure attorneys who work for financial institutions assist in the processing of foreclosures. They establish property foreclosure protocol to ensure foreclosures are legally executed. This includes writing letters to clients and preparing lawsuits related to foreclosures. If clients choose to contest the foreclosure, the foreclosure attorney will be involved, even if the case goes to court.
People who are about to lose their home may need a foreclosure attorney to help prepare a case to avoid foreclosure.
Lawyers who work for individuals help people who are threatened with execution or are being executed. The foreclosure attorney confirms that the financial institution is complying with the law at all stages of the process and can help clients fight foreclosure. For example, people may have been fraudulently misled about the nature of the loan, in which case the foreclosure attorney can help prepare a case and avoid foreclosure while the case is pending.
In such cases, the foreclosure attorney acts as the client’s attorney. The attorney will handle any negotiations or discussions with the creditor, including responding to paperwork and filing claims against the creditor. This may include helping people negotiate a loan modification or other grant to help them stay in their homes.
When people are threatened with foreclosure or think they may need to negotiate a short sale, it is wise to hire a foreclosure attorney as soon as possible. Finding a foreclosure attorney can be challenging as some unscrupulous professionals prey on people in financially vulnerable positions. Resources such as attorney reviews, bar associations, and professional foreclosure attorney organizations can help individuals identify fully qualified and reputable attorneys.