Believe it or not, there are worse things the bank can do to
you than foreclose on your home. First, they
can convince you to make it easy for them.
Then, they can charge you enormous court and attorney fees for the
process they had to go through to take it.
In fact, they get by with this tactic all the time. A recent
study showed that 95% of the foreclosures in this country were foreclosures in
which the homeowners didn’t do anything and simply handed over their home
without a fight. They fell for the
bank’s bait of “don’t give us any hassle” and walked away from the home and
stability they had worked so hard for—it’s such a sad waste.
Banks are telling homeowners it is okay not to respond
because they know that many people can’t afford an attorney, or feel
overwhelmed with their financial situation and want to avoid any conflict. Here’s the truth. A foreclosure is a lawsuit. A lawsuit is an adversarial
process, it’s you versus them. Of course
they don’t want you to fight back.
A knowledgeable attorney will have an array of tools
(including bankruptcy) to help you meet your goals. There are several bankruptcy attorneys who
will provide assistance with your foreclosure pro bono or who will offer
payment plans to fit your budget. You
should never let worries of what’s affordable convince you to make it easy for
Wall Street to take your home without a fight.
Take our word for it—you need someone to fight in your corner.
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