Foreclosure Defense
Homeownership is a big part of the American dream, but circumstances that are beyond your control can change and leave you feeling helpless. No one purchases a home believing they cannot afford it, but a death of a family member, the loss of a job, a medical emergency or other hardship can cause a homeowner to fall behind on their mortgage payments. The threat of foreclosure can put your mind into a constant state of stress, and the fear of being without shelter can be overwhelming.
No homeowner should endure foreclosure proceedings without the help of an experienced real estate attorney. At the Law Office of Steven M. Fried, P.A., we believe in a personalized approach and a superior client experience. We are here to fight for your American dream, and believe it isn’t too late to try to save your home. If you or a loved one are facing foreclosure or have any questions regarding the foreclosure process, please call us today at (954) 792-9LAW for your FREE, no obligation consultation.
As it is true in most legal situations, the sooner an attorney is contacted the better. This also rings true when it comes to your foreclosure defense, giving you peace of mind, and allowing your legal team the time they need to prepare the defense that is right for your case. Any given foreclosure has many potential defenses, that’s why it is always crucial to seek the advice of an excellent and trusted attorney. Don’t hesitate to contact our offices today for your no cost consultation which can be done in person, over the phone or via Skype.
Our experienced attorneys have been servicing borrowers and homeowners throughout Florida and giving their clients the second chances they deserve for more than two decades. Some important areas of service we may explore are outlined below.
Mortgage Loan Modification
Also known as loan modification, it is a great option to save your home. In this case, our experienced attorneys would work with your mortgage lender to renegotiate the terms of your agreement. This is by far the preferred method for both borrower and lender when dealing with a foreclosure. A mortgage modification could include reduced or changed interest rates, reduced principal, reduced or eliminated late fees, reduced monthly payments or a temporary hold on payments.
Short Sale Negotiation
When a homeowner is unable to keep up with their mortgage payments, a short sale can be negotiated with the lender. This means that the homeowner is granted permission by their lender to sell the property for less than what is owed on the mortgage. This allows the lender to recoup some of their potential losses without the hassle of foreclosure and repossession of the home; saving the homeowner from going into foreclosure and incurring any damaging marks on their credit report.
Sale Surplus Litigation
If a homeowner cannot keep up with their agreed upon loan payments, the mortgage holder can foreclose on the property, and repossess the home to be sold by the lender. In some cases, the property is sold for more than what is owed on the mortgage; in which case, the former property owner is entitled to receive this surplus of capital. Even if your home has already been foreclosed, you should not hesitate to contact us today. Don’t let your lenders take more than they are owed.
Relocation Expense Negotiation
Also known as “cash for keys”, relocation expense negotiation is an incentive program that can be negotiated with your lender after your home is foreclosed on. Banks have an interest in ensuring that the occupants of a foreclosed property vacate the premises in a timely and graceful fashion, so it is important to seek the counsel of an experienced attorney that can negotiate a reasonable exit date as well as the best possible monetary settlement for you and your family. You have already gone through a terrible experience, you deserve a helping hand.
Deficiency Judgment Negotiation
When you purchase a home, in most cases, it goes up in value. If for some reason the value does not go up, or the house goes down in value before the time of your foreclosure, you could be left owing money to your lender after your foreclosed property is sold. If this is the case, your lender could file for a deficiency judgment to compel you to repay the outstanding balance of your loan. Negotiation is a very powerful tool in the hands of an experienced attorney and it is possible to avoid a deficiency judgment, and even negotiate a reduction in the amount owed. Don’t hesitate to ask for the help you need.
If you are facing a possible foreclosure or even if you have already entered into foreclosure proceedings, it is not too late to ask for help. Let our experienced legal team assist you in making a terrible process a little easier by assessing your situation and determining your best course of action. Contact the Law Office of Steven M. Fried, P.A. today for your FREE, no obligation consultation today.