If you are delinquent on your mortgage payments, your lender might try to begin foreclosure proceedings against your property. If the foreclosure is completed, you will lose your home. Being evicted from your home because of foreclosure can be a stressful and traumatic experience. If you are facing foreclosure, you need to hire a foreclosure defense Florida lawyer to help defend your property. Here are a few facts you should know about the foreclosure defense.
1. If uncontested, foreclosure can take less than four months: If you do not defend the foreclosure proceedings, the process can be completed fairly quickly. If you do not fight the foreclosure, it becomes very simple for the lender to take your property. However, if you challenge the process, it can take more than a year to complete. This will give your foreclosure attorney time to create a strategy for you to keep your home.
2. It may be possible to obtain a loan modification: An experienced foreclosure lawyer can negotiate with your lender about changing the terms of your loan. He can explain the reasons that you cannot make payments and potentially get the payments and, or the principal balance lowered.
3. You are entitled to a mediation hearing: According to Florida law, all homeowners facing foreclosure are allowed a mediation hearing to attempt to settle the case. The lender and your foreclosure attorney will meet with you to try to negotiate. Your lender might let you skip a few payments. In most cases, the lender will be required to pay for the mediation.
4. The lender must produce a promissory note: Even though the lender is not required to supply the original note, he must deliver at least a copy of the note. The lender then must state why the original cannot be found.
5. Some lenders have been dishonest: In some cases, a foreclosure lawyer can find fraudulent activities committed by your lender. The lender might have not disclosed hidden fees, or he might have committed an unlawful activity. Your attorney will review all of the terms and agreement of your loan to see if any dishonest action took place by the lender.
6. You do not have to file for bankruptcy: Some people believe that bankruptcy is the only option. However, it is not necessarily the best solution to avoid foreclosure. Your lawyer will help you decide if bankruptcy is right for you.
7. Selling the property might be an option: In order to avoid foreclosure, you might want to sell the property. You can sell the home and pay off your debts. An attorney can help you understand how you can conduct a short sale to avoid foreclosure.
In order to hold the court and the lender accountable, it is important for you to have a Florida foreclosure attorney defend your property owner rights. Legal Help Group is a foreclosure defense Florida Law Firm with an experienced team of attorneys who are focused on how to stop foreclosure. You can call them now for a free consultation at (888) 304-9404.