I am facing a foreclosure, but i don't want to keep the property do have to hire a lawyer.?
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If foreclosure proceedings begin then you'll have to pay for the bank's lawyer, isn't that awful! So here's the deal, the bank tells you you owe them, then they tell you again and say that now you owe the full amount + highest interest NOW, then they lawyer up and force you out. If you call them and work out a deal you can pay the over due + lawyer fees in installments over a certain amount of time you guys work out together then at the end of that it's dismissed and you go back to regular payments, no foreclosure. BUT if you don't work with them they take your place, auction it off and you have to pay the remaining balance! Usually they figure out you can't pay the balance and write it off as a bad debt, but THAT goes on your record too! Stinks huh?! No, you don't have to hire a lawyer, you don't have to do anything really, but be aware that the foreclosure will stay on your credit report for an average of no less than 7 years! It'll make it hard for you to buy or get credit for anything else, so if there's any reason to hang on to the property you might be better off working out a deal with the bank, paying until you're out of foreclosure's way, then selling for whatever you can get for the place. Hope that helps at least a little!
A lawyer might not be a bad idea, however why not try to work with whom ever holds your loan?
No point if you dont care !!
Hiring a lawyer probably will not help you. You are going to lose the house if you do not catch up the payments. Why pay a lawyer more money? Once the foreclosure goes through you will owe enough to the mortgage company. I do not understand what you expect a lawyer to do for you?
try to sell it anyway. you maybe able to do it.
http://www.mdhgtv.com/
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