Foreclosure Defense Lawyer in Orlando, Florida
Legal Counsel, P.A. employs a foreclosure defense lawyer in Orlando, Florida who works with individuals who are facing losing their homes to foreclosure. If you have a mortgage and can no longer pay the bills, the bank may have the right to take your home through a process known as foreclosure. One late or missed payment on your mortgage won’t result in foreclosure. Most banks give homeowners a grace period at the start of each month during which they can pay their mortgage payment. Sometimes this grace period is as long as 15 days, during which a payment can be made without any late fees or penalties. Any payment made after the 15-day grace period may be assessed a late fee.
Generally, you’ll have to miss several payments, or fail to pay your mortgage for several months before the bank can take legal action and foreclose on your home. Your bank may send you a letter informing you that you are in default of the loan. The letter might specify a period of time during which you can make up the late payments, pay the late fees, and become current on the loan. The ideal time to fight your foreclosure is before you have been formally sued by the bank. If you are receiving letters from the bank telling you that you are late in paying your mortgage, now is the time to take action. You may have several options available to prevent foreclosure. Once foreclosure has started, you may still have several options to prevent the bank from taking your home, or delay the bank from taking your home. Legal Counsel, P.A. employs a foreclosure defense attorney in Orlando, Florida who may be able to help you fight to keep your home if you are facing foreclosure. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
Before the bank can foreclose on your home, it must send you written notice that you are in default of the loan. In this letter, the bank must give you a period of time by which you can make late payments, pay late fees, and take the loan out of default. If your financial difficulties are likely to be temporary, now is the time to speak to your bank and lender. For example, if you were laid off or fired and need some time to find a new job, in a few months you may be in a position to begin repaying your mortgage. You may be able to negotiate with the bank to prevent foreclosure. Most banks don’t want to foreclose on a home because often the process results in the bank losing money. By negotiating with the bank, you may be able to get a loan modification, forbearance, or may be able to ask for a repayment plan to prevent foreclosure. If you are getting late payment letters in the mail from your bank, don’t ignore these letters. Contact Legal Counsel, P.A. employs a foreclosure defense lawyer in Orlando, Florida who can advise you about your options.
What options might your bank be able to offer you to prevent foreclosure? Sometimes the bank can offer borrowers loan modifications, forbearance, or repayment plans. How do each of these work?
These are some of the ways you might be able to prevent the foreclosure process from beginning by working with your bank or lender. But what happens if your bank has already begun the legal process of foreclosing? What if you’ve already been sued? Legal Counsel, P.A. employs a foreclosure defense lawyer in Orlando, Florida who can also help you either slow down the foreclosure process or offer you defense to stop the process. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.
In Florida, in order for your bank to foreclose on your home, it must file a lawsuit against you in court. You’ll receive a summons. In order to fight your foreclosure, you must answer the summons or the court will enter what is known as a default judgement against you and you’ll lose your home. When fighting your foreclosure in court, there are several valid defenses you may be able to use to prevent the bank from taking your home. What are they?
These are just some of the options you might have when it comes to foreclosure defense. If you are facing losing your home, fight back. Legal Counsel, P.A. employs a foreclosure defense lawyer in Orlando, Florida who may be able to help you. Have questions? We have answers. Contact Legal Counsel, P.A. today at 407-982-4321.