Few things are as stressful for a homeowner as knowing your home needs major repairs you cannot make. Some types of essential home repairs can cost upwards of $20,000 – an amount few people can pay out of pocket. If you were already at risk of foreclosure when you found out about the repairs your home would need, fighting to stay in your home might not be the most beneficial option for you. There are ways a Libertyville, IL foreclosure defense attorney can help you during the foreclosure process when keeping your home is not the ultimate goal. You might consider options like short-selling, making a strategic default, or consent foreclosure. These options can help you make a clean financial break from the home without taking on liability for the repairs.
