
Many people are intimidated by the thought of retaining an an attorney to keep their house out of foreclosure. The thought of paying the fees and general worry clouds your judgment that can freeze you into inaction. But, alas, there is Good News!
Unless you are filing for bankruptcy or a discharge of debt there is no need for an attorney. For most of the solutions will just involve you and the bank or, at most, a foreclosure specialist, much of the advice you can find one of the many not for profit organizations that deal with home owners.
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Simply selling your house can keep your credit in tact and let you walk away with the equity you have earned. The problem is having to be on the ball here. You have to research the value of the property just to see if you will lose the equity you have accumulated and you have to have the time to let it sit on the market.
If you don't have that sort of time you might want to go with a short sale, where an investor deals with the bank to buy your house. Once again you will lose equity but you can move quickly and you will still have your credit to buy another house when times get a little better.
The best option might be as simple as talking to the bank. Banks are willing to work with you to avoid foreclosure. They would much rather you pay for your house than take it from you. The help of a foreclosure specialist or mortgage modification kit can make the process easier than talking to the them alone. These kits will give you the instructions and templates to make it easier on you.
In most case, how to stop foreclosure will involve a little research of your part. Only rarely will you need an attorney and the sooner you act the less likely it will be that you need one.
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