How a Florida Foreclosure Lawyer Can Help You

How a Florida Foreclosure Lawyer Can Help You Free Consultations

Are you having financial struggles? This can make paying your bills next to impossible. So many people go through unexpected money issues that leave them struggling with their mortgages. This is nothing to be ashamed of. Working with a Florida foreclosure lawyer can help save your home from foreclosure. Please keep reading to learn more about how we can help you. When you are ready to set up a free consultation, please give us a call.

Filing for Mortgage Loan Forbearance or Modification

Did you know that in 2021, Florida had the third-highest number of foreclosures per housing unit? If you are looking into your options to avoid foreclosure, just know that you are not alone.

Most mortgage lenders do not want to have to go through foreclosure. Going through foreclosure for a mortgage lender will typically mean that they are going to lose money. They will typically be open to allowing either forbearance or a modification to your loan, both of which a foreclosure lawyer will be familiar with.

Loan forbearance is an agreement to give you a brief pause from mortgage payments. There will not be penalties for these missed payments. You are simply going to have an agreement with your lender that gives you a brief period to get your finances in order. You will simply tack on the months of payments missed to your total loan length. This is a good option if you will eventually recover from the financial struggles you are going through such as a job loss or unexpected injury/illness.

A loan modification is going to be a permanent change to the agreements to your loan. This may mean that your monthly payments will be reduced and/or your mortgage length will be extended to make the payments more affordable. This is a good option if you are going to be permanently affected by your financial struggles such as disability or the death of a spouse.

Guiding You Through Denials

There are cases in which people are denied a loan forbearance or modification. This is typically due to an error in the application. If you work with a foreclosure lawyer to file for your loan forbearance or modification, you are not likely to experience this. However, we can certainly help you if you tried to file alone.

Another reason why someone might experience denial is due to their current finances. If the mortgage lender has looked at your finances and decides that you are financially capable of paying your mortgage as is, then they will deny you a forbearance or modification.

Call Us to Get a Free Consultation Today

A foreclosure lawyer can help you avoid losing your home because of unexpected financial issues. Our Florida foreclosure defense lawyers have been helping people in our community get the help that they need. If you want to meet with us to get a free consultation to see how we can help you get started, all you need to do is pick up the phone and give our office a call as soon as possible.

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