Hiring a foreclosure lawyer can be expensive so you must think carefully and decide whether it is worthwhile to hire one. For example, you don’t need to hire an attorney if you just need more time to find another home and have to stay in the current home that is facing foreclosure temporarily. You can go ahead to hire a lawyer to defend your home from being repossessed if you can come up with a legitimate defense.
There are many places where you can find good referrals on the foreclosure. If you have hired lawyers before, you can call them and ask for referrals. You can also ask your friends, relatives and coworkers to provide referrals. You can check with the sponsored group legal plan that your employer offers.
You can do research in online directories when finding a lawyer that specialized in the foreclosure field. Some lawyers can handle foreclosure cases aside from their main practice areas such as bankruptcy. You should avoid lawyers that only handle foreclosure cases as a small part of their practice areas. Once you have compiled a list of foreclosure lawyers, you will have to schedule a meeting with each of them to determine which one to hire.
During the initial meeting, you can ask questions such as the amount of experience in foreclosure, fees and how you can stay updated on the progress of the case. Some law firms will verify you over the telephone before allowing you to have a face to face meeting with the attorney. If you want clarification on something, you must not be afraid to ask question.
You must find out from your foreclosure attorney how much fees you are likely to be charge if he takes on your case. The average hourly rate starts from one hundred dollar per hour to a few hundred dollars per hour. Paying by hourly rate means that you will pay for how much time he/she spent on your case. Some attorneys charge flat fee which can be $1,500 onwards. If the foreclosure attorney charges a monthly rate, you will usually have to pay an upfront fee and then you will pay a monthly fee afterwards. There are also other costs such as photocopying, and cost of traveling to different places for your case.
You and the lawyer will sign a retainer agreement contract after agreeing to the fees. The retainer agreement will cover all the fees of the services that the lawyer will charge for handling your foreclosure case. You are to communicate with your lawyer about everything concerning the case including the notice letter you receive from the lender in the mail and etc.
You must frequently stay in touch with the lawyer so that you know that your case is being handled properly. It is important to clear up any problem you have with your lawyer. You can hire another attorney if he fails to response according to the requirement you demand after you have talk to him about the issue.