A Foreclosure Defense Attorney is Not a Financial Adviser
A foreclosure defense attorney may be able to do many things for you, such as fighting a foreclosure, preparing a loan modification application, or negotiating a leave from your home. However, a foreclosure defense attorney is not—and should not—be your financial adviser.
Homeowners facing foreclosure need to make tough decisions on what to do with their homes. For some, fighting a foreclosure and trying for a loan modification is the best way to go. For others, walking away and going for a fresh start may make more sense. A lawyer can advise you of your legal options and what to expect in your case, but advice on the financial implications of your situation is best left to a financial adviser, and not a lawyer.
Now, of course there are many lawyers with financial backgrounds; some who are even financial advisers themselves. Even so, clients should always get a second opinion on their cases. Even under the best circumstances, fighting a foreclosure is difficult and you should be certain you are fighting for the right outcome.