Legal issues aren’t only stressful and draining; they’re exceptionally expensive. When facing legal issues, it’s hard to put food on the table, let alone pay your mortgage. Nevertheless, legal fees are unavoidable, and you can’t always finance them. When facing legal issues in Alabama, you need cash fast. If you can’t get the funds required to pay for legal costs, you could face foreclosure and bankruptcy, among other financial hardships. Let’s explore the true costs of legal fees, how legal costs threaten your home, and how you can sell your house when facing legal issues.
The Steep Cost of Legal Fees
According to the latest numbers, a lawyer in Alabama costs $107 to $516 per hour. Depending on the complexity of your legal issues, your total bill could cost thousands of dollars. Some lawyers offer payment plans, but they’re not required to do so. You might be able to take out a personal loan to pay legal fees, but the interest is steep, ranging from 6% to 36%.
Legal fees don’t just consist of lawyer bills. You may need to pay monetary penalties that can set you back thousands more. The cost of legal fees is a hard pill to swallow, but rest assured, you have a few options. If you’re a homeowner in Alabama, you can tap into your home’s equity and sell it to RHED Key for a cash offer. There are zero fees to sell your home, and you can even sell your home with a lien.
Legal Issues and Foreclosure
The cost of legal fees is exorbitant, and depending on your situation, you may find yourself facing foreclosure. Opting for a cheap lawyer may cause you to lose a lawsuit. On the other hand, hiring an expensive lawyer could keep you from paying your mortgage, causing you to lose your home. Therefore, it’s smart to reassess your living situation when facing legal issues. For example, you could move in with friends and family until you resolve your legal problems. You could also rent an apartment or downsize to something more affordable. Selling your home for cash helps you avoid foreclosure, which can drop your credit score by 100 points or more.
Sell Your Home to a Cash Buyer
If you’re facing legal issues in Alabama, working with a cash buyer is the best way to get the funds to pay your legal dues. RHED Key Properties is the top cash buyer in Alabama, and we’ve made dozens of cash offers throughout the state. We buy all sorts of properties, including homes with liens, inherited property, and houses with health code violations. Best of all, there’s no fee to sell your home to RHED Key. All you have to do is fill out our Sell Your Home Fast form, and one of our team members will reach out within 24 hours. Once we receive additional information about your property, we’ll either make an offer over the phone or schedule a time to view your property in person.
Get an Offer from RHED Key Properties
Don’t let legal issues strain your finances or lead to foreclosure. When you work with a realtor or sell your home FSBO, it could take months to get an offer. When you’re facing legal issues, you don’t have time to lose. Working with RHED Key Properties is the best way to sell your house in Alabama! Our team will give you an offer as soon as 24 hours. Contact us today to learn why we’re the number one solution for cash home offers in Alabama.