Foreclosure is the process by which a lender repossesses your house and puts it on sale to try to recover some or all debt owed. When you forfeit your loan payments, the lender has the legal right to begin the foreclosure process. Nevertheless, even though the lender has begun the process of foreclosure, there are some techniques you may apply during the pre-foreclosure period to try to avoid losing your home. One thing that most people are not aware of is that they can stop foreclosure even if they stopped paying their mortgage loans.
As a result of the issues that surround your case, the actions of the lender, and any omissions, you are in a position to stop making mortgage payments and keep your home while your attorney strongly protects your home. This is not an indication that you will stop paying your mortgage loan completely or stop foreclosure completely. You may only stop foreclosure completely if the lender has gone against the predatory lending practices or violated the Florida Unfair Lending Act. In case the lender has violated the above practices, the interest and principal balances are waived, and the mortgage considered void. A strong defense attorney may be able to help you;
The question many homeowners have is to fight foreclosure. The answers that come with this question is the biggest fallacy. “Can I afford an attorney of I cannot afford to pay a mortgage?”
To begin with, all homeowners should consider hiring an attorney for the foreclosure cases. In the financial markets and real estate, time is money. The hiring of a good attorney will save lots of time and money.
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For information on foreclosure defense call us at (877) 399 2995. We offer litigation document review support, mortgage audit reports, securitization audit reports, affidavit of expert witness notarized, and more.