Monday, July 6, 2009

How to Avoid Bad Lawyers in The Real Estate Industry

By Linda Maria Lopez

Nowadays we are facing a lot of problems with this financial crisis that have led us to a very critical point. I personally think that the lack of control in the financial system of the United States have been one of the main reason of this crisis that we are facing today. A lot of loans and mortgage were approved since 2001 to people without job, income or assets. It is something incredible they way a lot of people and even immigrants from Mexico, Central America and other locations, acquired an new home or apartment without having documents.

Now, there are a lot of apartments and homes in foreclosure due to a huge amount of loss of employees. There are lawyers that are offering to people renegotiate their mortgage so that they can continue having their homes but now paying a lower quote of money each month. They are taking a quantity of money upfront and since now, there are a lot of people that have been defrauded by a lot of lawyer offices as well fake lawyers that dont have any legal authorization to do this kind of negotiation.

If you are one of those thousand of people that are about to lose your home or apartment, try to find help in those institutions that are officially authorized by the government of the United States and the financial institutions where you have your mortgage. In many states of the country there are several cases where people paid an amount for receive not only the advisory about the next step for continue paying their mortgage, but they told to customers that they had the solution to make to them pay a lower quote they can afford.

These situations have been imported into other Asian nations that had the same dynamic since 2003 up to now. Lawyers are not as serious as people think and this is the reasons why you should ask about reputation of professionals that are coming to you bringing the solution to your problem. You should never pay money upfront to those lawyers that arent authorized by the government or any other financial institution where is belonging your mortgage.

According to the recommendation of experts, the only institution that worth that you negotiate are banks where you have your mortgages. The unique problem is that people that now have their property in foreclosure process say that it is impossible negotiate with banks in United States, because they are not giving the facilities they need to keep their homes under their property.

It is important that you only ask for help to authorizes companies. For more information you can call to your bank and ask about those institutions and are authorized to operate with them. On the other hand, you can find a lot of information about the Internet that can guide you in this process. It is very important that you can have the more information you can to know the best way you can act in this situation.

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