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Foreclosure defense is the process that takes place when an
attorney representing the homeowner/borrower asserts all
relevant defenses to defeat the foreclosure action brought by
the lender. Many homeowners are not aware that there are usually
several defenses that can be asserted on their behalf in every
foreclosure action. These defenses usually have something to do
with the conduct of your loan officer, items not properly
disclosed and regulatory requirements that the lender has not
complied with. Our firm will conduct an in depth analysis of
your case and assert all relevant defenses to fight your
foreclosure.
The term loss mitigation is used to describe the process that
takes place when a borrower attempts to re-negotiate the terms
of his/her loan with a mortgage lender. Typically, mortgage
lenders will not even enter into the process of Loss Mitigation
until you are in default on your mortgage or are in foreclosure.
Our firm usually conducts loss mitigation along with the defense
of your foreclosure in a court of law. Lenders are always more
willing to re-negotiate the terms of a mortgage when the
foreclosure is being properly contested in the legal system. As
attorneys representing homeowners in foreclosure actions, we
often negotiate any or a combination of the following possible
resolutions:
- Interest rate reduction
- Term extension
- Principal Reduction
- Deed in lieu of foreclosure
- Short sale
Please be aware there are many companies advertising that they
can stop your foreclosure. Most of these companies do not
contest your foreclosure case in the legal system. Therefore,
these companies will lack the proper amount of leverage to
re-negotiate your mortgage. If you hire anyone other than our
law firm, please make sure that person is licensed to practice
law in the State of Florida, has experience in the area of
foreclosure law and the fee quoted includes the defense of your
case in the foreclosure action. Do not hire anyone who has not
agreed to represent you in the foreclosure action in order to
modify the terms of your mortgage.
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