How To Decide When You Need The Foreclosure Attorney Houston Homeowners Recommend

By Henry Olson


A home is a huge investment for most people. Sometimes illness, job loss and divorce can cause a homeowner to get behind on payments. Occasionally, some become victims of lender errors or malpractice that threatens ownership of their houses. Foreclosures can occur even when homeowners are current on their payments. If you suspect something like this is happening to you, contacting a foreclosure attorney Houston homeowners recommend is important.

Loan servicers are not perfect. Payments get credited to the wrong accounts and sometimes get into a completely unrelated company account. Servicers sometimes charge excessive late fees or try to force homeowners to pay fees that are not allowed by law. It is critical that you, as the homeowner, keep every bit of paperwork that pertains to your account. Hiring an experienced lawyer familiar with the servicer's history may prevent the lender from foreclosing.

Every state has laws and regulations regarding the procedure for processing foreclosures. Lenders who don't follow those procedures can be vulnerable to litigation from homeowners. It may take an experienced lawyer, familiar with foreclosures law, to determine the seriousness of the lender's errors.

Mortgage loans are sometimes sold in bundles to other lenders, who might then turn around and sell them to another institution. In the process, a lender might begin foreclosure proceedings on properties they no longer own. If you believe you are the victim of this kind of error, you need to contact a lawyer to make the lender prove ownership of your loan.

There are special rules when it comes to foreclosing on military personnel. A court order will be necessary for a lender to starting foreclosing on a military home if the loan in question was taken out prior to the vet's active service. The Servicemembers Civil Relief Act was enacted to protect the military and their immediate families.

Sometimes lenders will continue a foreclosure proceeding at the same time they are reviewing a loan modification you have submitted in order to prevent the lender from foreclosing. This was common procedure in the past, but several years ago laws were passed to prevent the practice. Some servicers will also try to stall the modification process in order to pursue foreclosing. You need a good lawyer to sort through the laws that may apply.

A lot of delinquent homeowners believe once the lender starts foreclosing, they have to leave the property. This is incorrect. Until the foreclosure proceedings are officially completed, the home is still yours. If you want to live there, you can. In some states, the rights of redemption laws make it possible for homeowners to live in foreclosed homes for years. You probably don't need a lawyer in this instance unless the lender attempts to remove you or changes the locks.

Losing a home is a difficult experience no matter what the actual cause. If you have been wrongly targeted by a lender, you need to do something about it. You probably can't handle the complexities however, without the help of a good lawyer.




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