There are many reasons why someone might be in enough financial duress to end up worried about losing their home. To learn more about what causes foreclosure for a lot of people, please keep reading. If you are concerned about your home being lost because of financial struggles, we would be more than happy to meet with you for a free consultation. Give our office a call right away.
Most Common Causes of Foreclosure
There are several reasons why your finances may be going downhill. A lot of people who end up in foreclosure have unexpected changes to their finances.
We have represented clients who have had a sudden death in the family, just went through a divorce, or lost a job. These unexpected losses of income can lead to you struggling to pay your mortgage.
We have also represented clients who were involved in an accident that has them swamped with medical bills and simultaneously taken out of work. This can cause immediate financial duress for a homeowner.
How Do I Avoid Foreclosure?
There are two main options you have when you are trying to avoid foreclosure. If you just need some time to get your finances back under control, you may be interested in talking to our lawyers about forbearance. This is a temporary pause on your payments. This is a time for you to reorganize your finances and fill in the gaps in your income. You won’t be penalized for this period of unpaid mortgage payments.
Another option that you may want to reach out to us about is loan modification. This is a permanent change of the agreements that you have with your lender regarding your monthly payments. That might mean extending the length of your loan or lowering your payments in other ways. We can help you through this.
Call Our Florida Foreclosure Defense Lawyers
We have helped many people through their struggle with foreclosure. Please do not wait to give our office a call to see how we can help you. We want to be able to bring you peace of mind when you are worried about losing your home. Regardless of what causes foreclosure for you, you deserve to save your home. Get in touch with our Florida foreclosure defense lawyers today.