Preventing Foreclosure through the COVID-19 Pandemic

Preventing Foreclosure through the COVID-19 Pandemic

Foreclosure
With so many people unable to work during the COVID-19 (coronavirus) shutdown, it should be no surprise that many people are concerned about how they are going to pay their mortgages. Even if you cannot keep up due to a loss of income, you do not need to live in constant fear of losing your home to foreclosure. As of March 24, 2020, the following have occurred: The Department of Housing and Urban Development (HUD) suspended all foreclosures and evictions through AprilThe Federal Housing Finance Agency guided Freddie Mac and Fannie Mae to suspend foreclosures for at least 60 daysSeminole County and Brevard County paused all judicial foreclosure and eviction proceedings at least until April 15Governor Ron DeSantis is considering a possible statewide moratorium on foreclosures and evictions, though none…
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Preventing a Foreclosure Case Before it Happens

Preventing a Foreclosure Case Before it Happens

Foreclosure
When a mortgage lender initiates a foreclosure action against you in court, you want to call a foreclosure defense lawyer in Boca Raton right away. However, did you know that a foreclosure attorney can help you prevent a foreclosure in the first place in many situations? The first important thing to remember is to never ignore letters or other communications from your mortgage lender. Lenders are required to provide notice of default to Florida homeowners before they file for foreclosure. Receiving this notice means that foreclosure is likely in your future, though you have time to take defensive action. The right attorney will know how to negotiate with your lender to request a mortgage loan modification. This modifies certain terms of your loan, which should allow you to catch up…
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What is a short sale?

What is a short sale?

Uncategorized
Do you owe more than what your home is worth? Do you have a financial hardship resulting in your inability to pay your mortgage on time or are you facing a foreclosure? You may qualify for a short sale. A short sale is when your lender accepts less than the amount due and owing to them. An experience foreclosure defense attorney can negotiate with your lender to allow you to sell your house for less than what is owed and negotiate any deficiency judgment (the difference between the amount paid to your lender versus what they were owed), since as the Seller you will be responsible for all outstanding liens and closing costs associated with the sale. So many homes lost a tremendous amount of equity during the housing crisis.…
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What is a Mortgage Modification?

What is a Mortgage Modification?

Uncategorized
Have you been served with a Summons and Foreclosure Complaint? You have several options depending on whether you want to keep your home or walk away.  Regardless of the option you decide, it is critical that you respond to the Foreclosure Complaint within 20 days from the date you were served otherwise the bank can move for a default judgment against you and later sell your property at auction. It is critical to speak with an experienced foreclosure defense attorney, to discuss all of your options. An important part of foreclosure defense is discussing the foreclosure alternatives available with an experienced foreclosure defense attorney. There are several government and lender specific programs available to struggling homeowners. The following are the most widely utilized loss mitigation options: Mortgage Modification, Short Sale,…
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What Is A Deed In Lieu of Foreclosure?

What Is A Deed In Lieu of Foreclosure?

Foreclosure
Have you been served with a Summons and Foreclosure Complaint by your lender? You have several options, depending on whether you would like to keep your home or walk away. A deed in lieu of foreclosure is one of the options available to you if you decide to hand over the keys to your property to the bank. You should consult with an experienced foreclosure defense attorney to discuss your legal rights and all of your options before making a decision. One of these options may be to challenge the bank’s right to foreclosure based on various legal strategies and affirmative defenses. An experienced foreclosure defense attorney will discuss whether other options such as a mortgage modification or a short sale may be a better option depending on your specific…
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Your Rights as a Homeowner Facing Foreclosure

Your Rights as a Homeowner Facing Foreclosure

Foreclosure
When you learn that your mortgage lender has initiated a foreclosure action, it is natural to feel helpless and to assume you are going to lose your home. However, in Florida, foreclosure is a judicial process, and homeowners who are defendants have important legal rights. If you are facing foreclosure, you should immediately call a foreclosure defense lawyer in Boca Raton. The following are some important rights of defendants in foreclosure actions: Right to defend - As in any judicial proceeding, the defendant has the right to defend against the claim, as well as the right to have defense counsel. It is important to have an experienced Boca Raton foreclosure defense attorney handling your case to ensure you present the most aggressive and effective defense possible. Right to discovery -…
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Home Inspections in Florida

Home Inspections in Florida

Home Inspections
Florida law defines a home inspection as a “limited visual examination” of certain components and systems of a home. When you schedule a home inspection, a licensed home inspector should examine the structure of the home, electrical systems, roofs, plumbing, HVAC systems, and other interior and exterior components of the home. It is important for anyone seeking to buy a condo or a home in South Florida to have reliable inspection results before they close on their deal. The following are some important reasons why you should have an inspection by a trusted professional. To discuss your specific situation, contact a real estate lawyer in Boca Raton directly. Having a written opinion - A written report will clearly inform you of the condition of the home, as well as serve…
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