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 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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