Opt For a Foreclosure Lawyer Lancaster PA to Save You Any Hassles

May 16, 12 Opt For a Foreclosure Lawyer Lancaster PA to Save You Any Hassles

With the current economic climate, it is not surprising to find more and more homeowners facing foreclosure. The unfortunate situation is that most people do not know where to start when they are faced with this impending doom. Some will opt to simply move out of their current home and not bother putting up any resistance to losing their homes since the banks are holding their mortgage. There are others who may seek assistance from companies that claim to deal in foreclosure only to find that they have been scammed leaving them in worse shape than they were when they were only facing foreclosure. This is why the best course of action would be to enlist the services of a foreclosure lawyer Lancaster PA to save you any additional hassles that you may come across.

Foreclosure is not an easy obstacle to face but if you have the right foreclosure lawyer on your side, you would be better prepared for what is coming. When it comes to foreclosure, there are two main laws that govern it and the one that your case would be under would depend on the type of mortgage that you have for your home. A foreclosure lawyer would be able to determine this for you and take the necessary steps to try and save your home.

The first foreclosure law is the judicial law.  With this law, the lender is required to take you, the homeowner, to court to sue for the right of foreclosure. In this scenario, you are best advised to hire a foreclosure lawyer immediately so that they can try and prevent you from losing your house. The second law under foreclosure is the non-judicial law. This is considered to be the tougher one as the lending institution that you are dealing with is not even required to take you to court to sue for the right of foreclosure. Instead, all the lending institution is required to do is serve you with a notice twenty-one days prior to the foreclosure. Once the twenty-one days are done, they can go ahead, evict you from the property, and take ownership of the home. This happens to be very hard on homeowners as you barely have the time to go to court requesting for foreclosure relief. Your best bet would be to speedily enlist the services of a foreclosure lawyer and hope that they can come to the rescue in time.

When hiring a foreclosure lawyer Lancaster PA, you need to ensure that they will have the time to spend in court following up your case to try and avoid foreclosure by all means necessary. In addition to this, they should also have other steps mapped out that should help in trying to keep the ownership of your home to you and not the lending institution that you were dealing with.

Don’t let your home be taken away! Hiring Foreclosure lawyer Lancaster PA can be of assistance to you or if you would simply like to learn more about what goes into the process of foreclosure visit mitchellsommers.com

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