The best solution to protecting your homes depends greatly on your state of residence, as state laws regarding property and foreclosures vary greatly from state to state. An experienced attorney licensed in your state should be able to tell you what options, such as a loan modification, short sale, or even bankruptcy, may be available to assist you in resolving your mortgage issues. They could also help you with possible actions against your bad tenants. Given the complexity of the financial difficulties you are facing, I strongly encourage you do consult with a lawyer rather than trying to face all of this on your own.
You mention that you have meet with four attorneys and are unsure which one to listen to. Finding the right lawyer is important, so here are some tips on finding a good attorney:
- Get referrals from friends and professional associates you trust.
- Contact the state bar association: It will have a referral service, and you can also ask if a particular lawyer you're interested in is in good standing with them.
- Ask for references: Politely ask the attorney if you could talk to people who could comment on the lawyer's abilities and reputation.
- Take a look at the attorney's brochures and Web site: Crosscheck these materials against other sources and references.
- Go online: Further checking can be done using the internet. Start by doing a simple Google search of the attorney you're interested in and see what comes up.
- Ask any attorney you are thinking of hiring about the level of specialization and experience they have regarding matters such as yours.
- The price: be sure they are clear about their rate schedule and factor that against your needs and budget.
I wish you the best of luck in resolving this difficult situation, and I hope that the information I have provided helps you Find. Learn. Save.