Tips to Avoid Foreclosing Your Home

If you are a homeowner, the idea of losing your house can be a frightening thing to imagine; especially if you have a family in the picture as well. Even if you feel as though all hope is lost, don’t give up! At The Edwards Law Firm, PL, we are committed to helping those in the Sarasota and surrounding areas fight against foreclosure, because we understand how valuable our homes can be, in more ways than just financially. If the bank or a lender is threatening to take over your home, our firm can help defend you and hopefully allow you the chance to keep your property! Here are a few helpful tips to keep in mind so that you and your family may be able to avoid foreclosure.

First, be sure that you don’t evade the problem at hand. If you are dealing with debt and constant threats from creditors, you must take action as soon as possible. The moment that you recognize you are unable to make your payments, be sure to contact your lender in order to discuss a game plan with them. In many cases, when you approach your lender at the front end, they may be more willing to give you options so that you can keep your home. Lenders understand that times can be hard financially, so remember, communication is key!

Though this may sound tedious, if you want to avoid foreclosure, be sure to open all mail and respond to all phone calls you receive from your lender in order to work with them through the process. You don’t want to miss any documents that may discuss them taking legal action against you. Even if this takes time, it is well worth it to be prepared. Next, you want to make sure that you are well educated in your legal rights regarding your mortgage. This is where a Sarasota foreclosure lawyer will come in handy as we will be able to walk with you step by step as you seek to fight having your home taken from you.

In the midst of this, be sure that you are closely monitoring your spending so that you can make as many payments as you can every month on your mortgage. Keeping your house and having health insurance are your number one priority at this point in time, and others things you may need to give up so that you can keep your home. Continue talking with your lawyer who will know your case personally, and together you can formulate a plan of action to keep your home.

Please contact The Edwards Law Firm for more information, we want to fight for you and your family!