Your house is not just a building—it’s a place where you have celebrated holidays, enjoyed family dinners, and entertained friends. Losing your home due to foreclosure can be emotionally trying when your memories and investment are at stake. Luckily, if you find yourself in such an unfortunate predicament, a real estate attorney can help.

Options to Combat Foreclosure

Many people assume the lender’s word is the final say. In fact, it is possible to negotiate in a process known as foreclosure mediation. The aim is to create a win-win for both sides, allowing you to keep your home and the lender to receive at least some of the money owed to them.

One such avenue is known as “loss mitigation.” It’s a program that allows you to reduce overdue mortgage payments. Loan modification is another possibility, which involves lowering the due principle balance or decreasing the interest rate.

When to Enlist a Lawyer

If you are facing threats of foreclosure, it’s important to engage a real estate attorney to mediate on your behalf. They will know which options are feasible, what arguments to present to lenders, and who to speak to about your case. Lenders are also likelier to take your commitment to resolving the issue more seriously when a lawyer is involved.

When foreclosure—and the future of your home—are at stake, don’t delay. The sooner you contact a real estate attorney, the more time they’ll have to negotiate with the lender. For legal help in the North Andover, MA, area turn to Bernardini Law PC. Attorney Christine Bernardini focuses on real estate law and is known for her detailed eye in reviewing contracts. She provides rigorous representation throughout the process to protect her clients’ best interests. To schedule a consultation and discuss the particulars of your situation, call (978) 794-5525 today.