Are you concerned about losing your home because of financial issues? You are not alone. Many people in the US experience this. The Washington Post reported that approximately 1 in 7000 homeowners filed foreclosure. Our Florida lawyers know how to help you avoid foreclosure.
If you want to learn more about your options to save your home from foreclosure, please keep reading. When you are ready, give us a call. We would be happy to get you set up with a free consultation.
How to Pause Your Mortgage Payment
You have the option to get yourself back on your feet financially by pausing your mortgage payment, with your lender’s permission. This is called forbearance. What this does is put a temporary pause on your monthly mortgage payments.
This does not mean that you are forgiven these payments. It does mean that you are not going to have to have to pay any late fees on these missed payments. The lender will have approved of this before you stop making your payments.
How to Reduce Your Mortgage Payment
If you want an option that is going to help you be able to make your monthly payments without such financial duress, you might consider having a mortgage modification. When you modify your mortgage loan you can debate changes to your interest rate or monthly payment amount.
Lenders are generally willing to agree to this because they want to keep receiving money and if you are not going to be able to make your payments as is, then it can hurt them as well as you.
We can help you negotiate the terms of your loan modification with them.
There Are Many Reasons Someone Needs Help
Whether you have lost income, lost a breadwinner, or have had an unexpected incident you may experience financial hardship. Our lawyers have helped people who were struggling because of a divorce that left them in a difficult position, got hurt in an accident and are drowning in medical bills, lost a spouse who was the main breadwinner, etc.
We are not here to judge you about your finances. We want to help you get through this.
Call Our Florida Foreclosure Defense Lawyers Today
If you want to talk to a lawyer about how to avoid foreclosure, we are here to help you. Our Florida foreclosure defense lawyers have helped many people save their homes from foreclosure. We would be happy to set up a free consultation with you right away.