Buying a home or dealing with a potential foreclosure can sometimes be complicated. There are a lot of rules when it comes to homeowner rights, home loans, and foreclosure defense. In many of these situations, a real estate attorney can help you better understand what you are dealing with and make the process for you easier. Take a look below at five different ways that a real estate attorney can help you.
1. Foreclosure Defense
If you are facing a potential foreclosure, you will want to enlist the help of a foreclosure attorney. They can present you with all of your options and possibly help you keep your home. They have a full understanding of how the laws work and might be able to see options that you wouldn’t see on your own.
2. Loan Modification
Sometimes life changes and your finances change with it. You might find yourself in a position in which you can’t keep up with your original mortgage. A real estate attorney can help you with the process of modifying your loan to make it more manageable. This is a wise step to take to avoid foreclosure in the future.
3. Getting a Mortgage
Maybe you’re still in the process of buying a home and need some help getting a mortgage. An attorney can help you with that as well. They can give you advice on how much to save, what kind of down payment you need, what your interest rates might be, and more. They can make sure you are fully prepared to move forward with the process of securing a home loan.
4. Eviction Defense
If you’re a renter who is facing eviction, real estate attorneys are here to help. They can go over the laws with you, assess your situation, and defend you in court. There are many situations in which eviction is unfair or can possibly be negotiated, so it’s a good idea to reach out to an attorney and see how they can help.
5. Closing a Sale
Real estate attorneys are also able to help with the closing of a home sale. They can write insurance documents, help with the transfer of a title, manage funds, and more. They can make the process smooth and easy and ensure that everyone understands the final deal. In the United States, six out of 10 homeowners admitted that they wished they understood the terms of their mortgage better, so having an attorney present during the closing deal can clear up any final questions.
These are only a few of the things that real estate attorneys can help with. Their jobs are complex, and they handle a large variety of situations. If you find yourself in a situation where you feel you need real estate guidance of any kind, it’s worth reaching out to a real estate attorney to find out what they might be able to do for you.