Searching for the Best Foreclosure Lawyer in NJ?
Here are 5 tips to choosing the best foreclosure lawyer for your situation.
A Focus on Foreclosure: Be sure your lawyer is well-versed in loan modifications and bankruptcy law – specifically chapter 13 cases. The loan modification is the primary tool your lawyer should be focusing on. Chapter 13 bankruptcy, sometimes used in conjunction with a loan modification, is one of a handful of tools that are often used to save a home from foreclosure and get a loan modification when others not obtainable. A chapter 13 bankruptcy case is much more complex than a typical no-asset chapter 7 “Fresh Start” case.
Experience: Be sure your lawyer has been handling foreclosure cases at least since 2008 when the current foreclosure crisis hit. Handling foreclosure cases regularly and for at least 5 years will ensure your lawyer knows the latest changes in the law and will understand the various strategies that are available to save your home from foreclosure.
Bankruptcy Knowledge is Not Enough: Be sure your lawyer is not just a bankruptcy lawyer who will only offer you the option of bankruptcy. Bankruptcy is not the only way to save a home from foreclosure and all options should be explored fully – with loan modification being the first of those possible solutions to explore.
Beware of Scams: Beware of lawyers, usually from out-of-state, that want to charge you a large initial retainer of $2,000-$3,000, with a monthly retainer of $500-$700 while they negotiate a loan modification for you. Many times, this is a scam.
Loan Modification Expertise: It is crucial that your lawyer understands the importance of loan modification as the primary tool for saving a home from foreclosure. Loan modification solves the root of the issue, and should be your strategy if you qualify for one. Bankruptcy should only be a backup or secondary tool. Consider these tips carefully when you are looking for the Best Foreclosure Lawyer for your situation.
Todd Murphy dedicates his practice to saving peoples’ homes from foreclosure with offices in Bedminster (near Somerville) NJ.
Wondering What You Should Ask A Foreclosure Lawyer Once You Get One On The Phone?
Ask the right questions: avoid scams!
It can be difficult to know what questions to ask your foreclosure lawyer to make sure that he/she is well-qualified for the task of saving your home from foreclosure. We have the top 5 questions you need to ask a foreclosure lawyer to make sure that he/she is right for the job, and to make sure you are not being scammed.
Click the button below to get your 5 questions to ask your foreclosure lawyer before you hire them.