Bradenton Foreclosure Defense Lawyer
Foreclosure is a terrifying word for thousands of homeowners throughout Florida. Studies have shown that foreclosure causes major disruptions for families, ranging from parenting issues, self esteem, child abuse, substance abuse, fear, and uncertainty—all increasing the overall stress in a household and decreasing emotional, psychological, and physical health. As such, it is important to do everything in one’s power to stave off foreclosure. In fact, many foreclosures are uncalled for, with lenders making quick judgements to foreclose a home when they believe that the borrower has defaulted on payments.
Our Bradenton foreclosure defense lawyers have the experience and comprehensive understanding of Florida law to fight wrongful foreclosure and keep you and your family in your home if it is at all possible.
Fighting Wrongful Foreclosure
Florida law allows homeowners who are subject to foreclosure to be represented by an attorney during the judicial process. At this time, your attorney can introduce evidence as to why foreclosure should not happen. For example, a lender may have broken the law when they issued you the mortgage. Lenders are no strangers to fraud and predatory lending. Subprime mortgages, mortgages offered to borrowers who banks knew could not afford them, were what caused the housing bubble to burst and the housing market to crash in the 2000s, after all, according to Real Clear Politics. Our Bradenton foreclosure defense lawyers have the experience and comprehensive understanding of Florida law to fight wrongful foreclosure and keep you and your family in your home if it is at all possible.
Other Successful Strategies For Avoiding Foreclosure
Other than proving that a lender made a mistake or is somehow legally at fault, what other options do you have to keep from going through foreclosure? You may be surprised, because there are actually a number of solutions to this problem that thousands of Americans take every single day to keep possession of their homes or to avoid financial ruin by losing their house and not taking any of its value with them when it is sold. Your options may include any of the following:
Loan Modification– By extending the length of your loan obligation, you may be able to decrease your monthly mortgage payments to make them more affordable.
Short Sale– Unfortunately, some homes are worth less than what is left on the mortgage, and it may not make financial sense to continue paying those monthly payments. Foreclosure will hurt your credit, so that may not be a good option either. A short sale involves selling the home to a buyer who, along with your lender, agrees to purchase your home even if that amount is less than what you owe in mortgage payments. This cancels out what you owe the lender, who may be willing to do this because of the time and money they may save.
Short Payoff – Being stuck in an underwater mortgage is stressful and is a difficult prospect to get out of. An attorney can advise you on whether a short payoff is right for you. A short payoff involves negotiating with the lender to accept a lower amount to satisfy your mortgage.
Call a Bradenton Foreclosure Lawyer Today
A Bradenton foreclosure defense attorney can help investigate wrongful foreclosures, uncovering mistakes on behalf of lenders, and figuring out a path forward for you and your family to take. Our attorneys can also find other solutions to avoid foreclosure, such as a loan modification. In some cases, however, the best option is to foreclose, in which case our lawyers will help you through the process in the least stressful manner, allowing you to hold onto your credit and keeping you from having to pay additional mortgage payments that are unnecessary. For help today, call Suncoast Civil Law at 941-366-1800 to schedule a consultation.