HOW CAN A FORECLOSURE LAWYER HELP?
Debt Relief Law Florida
By now, everyone is familiar with the housing bubble burst that shook the real estate market to its core back in 2008. South Florida was one of the areas hit hardest by these difficult times, and the recovery has been a slow climb upwards. Still, many people are finding themselves facing the reality of foreclosure. When you’ve been served a foreclosure notice, or you feel the letter on the horizon, things can seem incredibly frightening. But, it’s important to realize that you can take control of the situation. Going up against the big banks may be intimidating, but with a dedicated foreclosure lawyer in Boca Raton on your side, you can feel confident in your foreclosure defense pursuits. At Debt Relief Law Florida, our foreclosure lawyers are here to help you regain control of your situation.
When you’re facing a possible foreclosure, you may not be sure which path to take. Should you fight for your home? For most homeowners, fighting to keep ownership is the best path to take. We can help you fight off Foreclosure Lawyer Boca Ratona foreclosure through many different options, one of which offers the speediest solutions. Mortgage modification is government encouraged these days, thanks to the successful HAMP and HAFA programs. Both programs have been created to help homeowners keep foreclosures out of their future through refinancing and renegotiations. Working with a mortgage modification attorney in Boca Raton, such as one from our team at Debt Relief Law Florida, can help ensure things work to your advantage. We can assist through the entire mortgage modification process, whether you’re working through a government program or even a private mortgage modification.
Another option that sparks mortgage modification is court-ordered mortgage modification mediation. This is sanctioned by a Chapter 13 bankruptcy ruling. In Chapter 13 bankruptcy, owed debts are restructured, and mortgages are part of this process. Mortgage modification has brought a 75 percent success rate in home ownership. You may also be able to retain your home through Chapter 7 bankruptcy. In Chapter 7 bankruptcy, many unsecured debts are expunged while some exempt assets are exposed. But, in most cases your home cannot be an exposed asset during Chapter 7 bankruptcy due to a homestead exemption.
Foreclosure can be a daunting proposition, but as you can see, there are numerous avenues you can take to retain home ownership and regain control of your financial situations. Whether overwhelming debt or unaffordable mortgage payments have pushed you down the path of mortgage delinquency, foreclosure is never the first answer. A dedicated foreclosure lawyer in Boca Raton from our team at Debt Relief Law Florida may be able to help you with comprehensive solutions. Don’t sit back and let the threat of foreclosure loom. The problem will not go away until you take control of the situation. Our attorneys may be able to help, call (561) 325-6927 to learn about your options.