There are circumstances that can force a homeowner to fall behind on mortgage payments, or they eventually may not even be able to make these payments at all. If this becomes the case, the individual may receive a foreclosure notice that can result in them losing the rights to their home or property.
In most cases, homeowners are unaware that there are options available to them to help them avoid foreclosure. At Loan Lawyers, we have over 100 years of combined experience in helping homeowners and property owners keep the rights to their property and other valuable assets.
Experienced Coral Gables Foreclosure Defense Lawyers
As a reputable name throughout South Florida for foreclosure defense cases, Loan Lawyers has a team of experienced Coral Gables foreclosure defense lawyers with the credentials, resources, and proven success record to assist our clients in avoiding foreclosure and setting themselves up for financial success.
Some of the ways in which we can assist with preventing foreclosure include:
Lender Negotiation
One of the major ways in which we can assist in preventing foreclosure is to negotiate with your lender and come up with new payment terms that benefit your current financial picture.
Modifying Your Current Mortgage Terms
We can also negotiate new payment terms specifically for your mortgage so that you are better able to repay your loans. In most cases, this usually results in an extended timeline of a few years to repay the total debt.
Bankruptcy
Filing for bankruptcy is often an ideal solution to regain control of your finances and prevent foreclosure. The most common chapters of bankruptcy that people file under are Chapter 7 and Chapter 13. Both typically allow individuals to retain the rights to their home or property.
Withdrawing Your Loan
Most lenders will allow you to pay a lump sum of your overall debt amount and have the remaining debt dismissed. We can also look at simply withdrawing your loan altogether.
Bringing Attention to Fraud from Lenders
Believe it or not, we have seen cases where lenders have acted unethically and illegally by committing acts of fraud. From loan flipping to incredibly high-interest rates, this can result in the dismissal of your debt and the prevention of foreclosure. We also will look into whether or not your lenders have fully submitted all legally required materials when they filed for your foreclosure. If all required documents have not been submitted, this may be grounds for a dismissal of the foreclosure.
Contact Our Coral Gables Foreclosure Defense Attorneys Today
If you are facing foreclosure or believe you may be on the verge of receiving a foreclosure notice, get in touch with our qualified experts to see how we can help you. It can be devastating to lose the most valuable asset you own, which is why we don’t advise you to handle the lawsuit yourself.
For more information, contact us and speak with our team of Coral Gables foreclosure attorneys at 957-523-HELP (4357) today.
