Facing Foreclosure? You Have Options

Facing Foreclosure You Have Options Florida Foreclosure Lawyer

With the rise in the cost of living and fears of a recession, it is no wonder that so many Americans are facing foreclosure. If you have been struggling to keep up with your mortgage, you are not alone. We know how scary it can be to be faced with the possibility of losing your home. Fortunately, you have options.

We urge you to reach out to our Florida foreclosure defense lawyers right away if you want to learn about your options to save your home from foreclosure. Call us today to schedule your free consultation.

Options You Have When Facing Foreclosure

Depending on your circumstances, you may have several options to explore when you are facing foreclosure. Our Florida foreclosure defense lawyers would be happy to discuss any of the following options with you further during your first free consultation. Reach out to us right away.

Take No Action

To be clear, letting your lender proceed with the foreclosure is not a way to save your home. It is not your best option, but it is there if you choose not to take any defensive action. If you do nothing to stop this foreclosure, you can expect to be foreclosed in a matter of weeks.

Doing nothing could mean getting evicted, your credit score taking a hit, owing money to the IRS, and more consequences. We urge you to explore other options before you decide to allow the foreclosure to happen.

Catch Up with Your Payments

Suppose you missed a couple of payments, but you finally got back to being able to make them again. You still have those missed payments that have you facing foreclosure.

You may be able to work with your lender to devise a repayment plan, which can include applying for a loan forbearance in which you are given a grace period to catch up with your missed payments. This is a common option for folks with short-term financial issues, such as a brief lapse in employment.

Modify Your Loan

If you are having a financial crisis with no end in sight, you may wonder how you are going to be able to pull yourself out of this. Many people who are facing foreclosure explore the option of modifying their loans.

A mortgage lender can approve loan modifications such as extending the length of the loan or reducing the interest rate, both of which would result in lower and more manageable monthly payments. A loan modification is a permanent option compared to the temporary relief that forbearance offers.

We suggest that anyone who has gone through something like the death of a spouse or becoming disabled consider modifying their loan over a loan forbearance.

Schedule Your Free Consultation Today

Rest assured that you have options if you are facing foreclosure. Our Florida foreclosure defense lawyers would be happy to help you get back on track towards financial recovery.

We understand how much stress you are under. We work hard for you to be able to relax finally. Schedule your free consultation with us today. All you need to do to get started is give us a call.

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