You don’t have to just walk away and lose your home. There are options for foreclosure defense in Boca Raton, or anywhere else for that matter! What you’re able to do exactly depends on the specific circumstances and the applicable laws. It’s important to consult with an attorney for foreclosure defense near Boca Raton who can provide personalized advice based on your situation.
Here Are 5 Options for Options That May Be Available for You to Prevent Legal Proceedings Against You if You’re Facing Foreclosure
- Loan Modification: You may be able to negotiate a loan modification with your lender, which could involve changes to the terms of your mortgage such as interest rate reduction, extending the repayment period, or adding missed payments to the end of the loan.
- Mortgage Mediation: Some states including Florida offer mediation programs where homeowners and lenders can meet with a neutral third party to negotiate a resolution. Mediation can provide an opportunity to explore alternatives to foreclosure.
- Challenging the Foreclosure: It may be possible to challenge the foreclosure proceedings if there are errors or violations in the foreclosure process, or if the lender lacks proper documentation or standing to foreclose.
- Short Sale: You may be able to negotiate a short sale with your lender. In a short sale, the lender agrees to accept the sale proceeds as full payment, even if it’s less than the outstanding loan balance.
- Bankruptcy: Filing for bankruptcy can temporarily halt foreclosure proceedings. It can provide you with additional time to explore foreclosure alternatives or work out a repayment plan.
For Foreclosure Defense Near Boca Raton, Choose SHAMY, EL FADEL & MAHONE
Remember, the effectiveness of these options can vary depending on your specific circumstances, the lender’s willingness to negotiate, and the applicable laws in Boca Raton. You may have other options as well, so it’s crucial to seek professional legal advice to understand the best course of action for your situation.
For foreclosure defense in Boca Raton, turn to our experienced lawyers at SHAMY, EL FADEL & MAHONE. Call us today at 561-939-8042 to book a consultation and learn more about what you can do to save your home.