When you are facing the prospect of losing your home, it can be overwhelming. This is especially true if you have lived in your home for a long period of time. When you are facing the foreclosure process, you need to be certain of your rights. One of the best ways to learn about your rights and make sure you are protected is through the help of a Foreclosure Attorney in Deerfield. Through the help of an attorney, you may be able to stop the foreclosure process and keep your home.
Understanding the Foreclosure Laws
If you have a basic understanding of the foreclosure laws, you can make sure your rights are protected and you are not bullied into leaving your home. There are two main types of foreclosures. One is through judicial foreclosure and the other is non-judicial. Through a judicial foreclosure, the mortgage holder brings a civil case against the homeowner. This means the case will be heard by a judge and it will be up to the judge to make the final decision.
Non-judicial foreclosures involve the mortgage holder selling the property through advertisement. If you have this occur in your foreclosure, this means you agreed to it when you were signing your mortgage papers. This process is sometimes known as a statutory foreclosure.
Is It Possible to Keep Your Home After a Foreclosure?
The word foreclosure can strike fear in many hearts of homeowners. Though this is a serious situation, it is not one to be feared. This is especially true if you have a Foreclosure Attorney in Deerfield. Through either court representation or filing for Chapter 13 bankruptcy, you may be allowed to keep your home. An attorney can look at your financial situation and the foreclosure so he or she can make a determination on what options you have and which ones will best benefit you.
If you are in the midst of a foreclosure and need help, contact a foreclosure defense attorney. For further assistance, contact the law offices of the Trepeck Law Group today. They will be glad to meet with you and give you information about your foreclosure and how they might can help you. visit the Chicago Debt Solutions for more details. You can follow them on Google+.