As children, many of us had nightmares – the boogieman, things in the closet, monsters under the bed. They were scary, but thankfully not real. The nightmares we have as adults, however, are often all too real. And one of the scariest nightmares for adults is the idea of losing our homes. Fires and floods can snatch away our homes, but as those facing foreclosure know, natural forces aren’t the only thing you have to be worried about. Because a foreclosure can take your home just as quickly as a fire can.
If you’re facing Foreclosure in Royal Palm Beach, it’s important to know that even though the nightmare is real, it can often be stopped – even if the process is already underway. In most cases the first step is to call either your lender or a housing counseling agency. These places can give you a clear picture of where mortgage stands, and can explain what you can do stop the foreclosure.
Once you have a clear picture of where you stand, the next step is to talk with a lawyer who knows the Foreclosure laws. A lawyer can give you an idea of what your rights are, and more importantly, can offer you a few more options that your lender or housing counseling agency can’t. One option he or she may suggest is bankruptcy, if your finances are in rough shape. Bankruptcy proceedings will stop a foreclosure, which will keep you in your home. A lawyer can also file an order to show cause to stop the foreclosure sale, which would give you more time to arrange repayment.
Once you know all the options, you can decided on a course of action to avoid losing your home. In most cases, your lawyer will take on the bulk of the battle for you, by negotiating with your lender, helping you complete the required paperwork for a loan modification, and stopping the foreclosure sale if necessary. So if you are facing Foreclosure in Royal Palm Beach, know that even though the nightmare is real, there are plenty of people available to help you fight for your home.
