3 Myths about Foreclosure
If you are facing financial difficulty and can no longer pay your bills or mortgage, you may be at risk of losing your home to foreclosure. The recent economic downturn has made this struggle a widespread reality as millions of Americans are now facing the possibility of foreclosure. While many people believe they have no one to turn to in this difficult time, you do have options for keeping your home.
There are many myths about foreclosure that may influence a person’s perception and actions, despite the fact that they may have little basis in fact. A qualified legal professional can help you to ensure that you understand possible solutions which might help you to keep your home. Contact the Boca Raton foreclosure defense lawyers of Eric N. Klein & Associates, P.A., at 561-353-2800 to schedule a free consultation to discuss your legal options.
Myths Debunked
It is important to get all the facts about foreclosure so you can make the best decision for you and your family. Three common myths about foreclosure are:
- Myth: I should start packing immediately after getting a foreclosure notice.
- Many people believe they will be thrown out quickly but this is not the case. Not only do you have options for keeping your home, but the foreclosure process actually takes a long time.
- Myth: Filing for bankruptcy will prevent foreclosure.
- While bankruptcy can be a helpful tool, depending upon the kind of bankruptcy protection one seeks, it may not prevent foreclosure, and in other cases it may simply delay matters. Used appropriately, it can help you to negotiate new terms with your lender, but it is not a cure-all.
- Myth: Foreclosure notices stop lenders from giving you a loan or taking any options.
- Foreclosure notices do not stop you from contacting your lender to refinance your mortgage.
Contact Us
If you are facing foreclosure, contact the Boca Raton foreclosure defense lawyers of Eric N. Klein & Associates, P.A., by calling 561-353-2800 to discuss your situation with a compassionate and experienced attorney.
