If you have hit on hard times and have been struggling to pay your bills, you may be behind on your mortgage. This has happened to a lot of good people over the past several years, and although it is often nothing to be ashamed of, it is still something that is hard to take.
Facing Lender Foreclosure
If you have fallen behind in your mortgage payments, your lender is likely to start with the intimidating telephone calls and letters in the mail. You are doing everything you can to keep your head above water, but your financial circumstances have simply kept you behind. When your lender finally threatens foreclosure it is time to contact Lombard short sale attorneys.
Lenders Have Attorneys, You Should Too
The lending companies all have plenty of attorneys to protect their interests, and you should have attorneys to protect your interest as well. When it comes to financial interests, the lending companies seem to hold all the cards, but with a Lombard short sale attorneys in your corner, you will have more options available to you because they know how to work with the system.
A Short Sale is Better than Foreclosure
No want wants to be forced out of their home, but sometimes it just is the only way. Selling your home at market value, but for less than what you might owe the lender, or barely breaking even, is what is called a short sale. It will often allow you to obtain another mortgage sooner and the lenders will be happier because the house is sold and they don’t have to put the house in their inventory and sell it themselves. Make sure you make the best of a bad situation by contacting Covert & Covert Lombard short sale attorneys. They will fight for you so you get the best outcome possible.