Foreclosure Defense
At The Miami Legal Center, we realize how critical your home is to your family’s welfare. If you have experienced financial hardship and are at risk of losing your house, our foreclosure defense attorneys will use every strategy at their disposal to help. If you are in default on your mortgage payments through no fault of your own, or if you feel you may have been a victim of unethical lending practices or mortgage fraud, we encourage you to contact us before it is too late to take action.
Foreclosure defense: Let us help you save your home.
Call 305-374-7744 for a free consultation with an attorney.
Foreclosure defense strategies: What can a lawyer do for you?
Our goal is to stop foreclosure proceedings and negotiate mortgage terms that will allow you to make payments and stay in your home. Our lawyer may negotiate a loan modification that includes an interest rate reduction, term extension (converting a 15-year loan to a 30-year loan), a complete loan program change (from an adjustable rate mortgage to a fixed rate mortgage), or a combination of modifications. One of our experienced loan modification lawyers will evaluate your situation and recommend a course of action. Your attorney will consider the following strategies:
Negotiate a forbearance agreement
If you are, because of unavoidable circumstances, unable to make your payments and are in default, our attorney will ask your lender to enter into a forbearance agreement while you restructure, refinance, or modify your loan agreement. Even if you are delinquent and in default, your lawyer may be able to arrange a temporary reduction of loan payments. Under the forbearance agreement, the lender will stop foreclosure proceedings while your lawyer negotiates a loan modification you can live with.
Arrange refinancing, a loan extension, or a lower interest rate
The simplest solutions are sometimes the best. A simple refinance or extension of the term of your mortgage loan may provide you with an affordable payment and a chance to get back on your feet. Your lender may agree to a mortgage modification that includes a lower interest rate or reduction of the amount owed.
Deed in lieu of foreclosure
If you want to avoid foreclosure and the damage it does to your credit rating, but are unable to make payments on your home, our attorney may negotiate a deed in lieu of foreclosure. In such cases, the lender will take the title to your home as payment for your mortgage debt without going through the foreclosure process. Deed in lieu of foreclosure is sometimes the safest and quickest way to resolve mortgage debt.
Pre-foreclosure sale (“short sale”)
Your lender may agree to a pre-foreclosure sale, or “short sale,” of your home. In a short sale, your home is sold for less than you owe on your mortgage loan, and the lender accepts the sale amount as payment for your debt. Thus you avoid going through foreclosure.