The idea of losing your home is scary. Being behind on your payments is more common than you might think. In 2020, 1.16% of homes went into foreclosure which might seem like a small number, but that is a lot of people who are going through the same or similar situations that you are right now. Please keep reading to learn more about foreclosure prevention, and then give us a call to set up a free consultation.
Reasons for Foreclosure
There are many reasons why you might be at risk of losing your home. Having unexpected medical bills is among the most common reasons why. When people are involved in a car accident, are diagnosed with an illness, etc. it can result in a significant decrease in the financial capabilities you have. It is incredibly scary to think that you cannot pay the mortgage because of surgery or chemo even.
When breakups, divorces, or unexpected deaths in the family happen, it can be easy to slip into financial ruin. We see people all the time who are terrified of losing their home after their spouse left them.
Losing a job, especially for those affected by the pandemic, can put you at risk of losing your home as well. It can feel demoralizing to not only have to frantically find work but also be missing mortgage payments at the same time. We know the stress that you are going through.
Our foreclosure prevention lawyers will work tirelessly to help you save your home and make this burden lighter.
Modification to your Mortgage
When you are looking for a way to keep your home, you can consider getting your mortgage modified. With a loan modification, we talk to your lender about negotiating changes to your mortgage that would allow you to be able to pay it with this new financial situation. When you go through with this modification, it can stop foreclosure.
The only hurdle is getting the lender to agree to this modification. Not every lender will be so willing to negotiate the terms of your mortgage, but your Florida foreclosure defense lawyer will help you navigate this whole process.
Call Our Florida Foreclosure Prevention Lawyers Today
If you are looking for a way to stop foreclosure from happening with your home, we would be more than happy to help you get the legal defense that you need to speak to your lender and come up with a solution to help you modify your loan. Please do not hesitate to call our office right away to set up a free consultation as soon as possible.