Lawyers Working with People to Create a Foreclosure Defense
When you have fallen behind on your mortgage, the lender might decide to file a foreclosure on the property. Even if you are unable to pay your mortgage, you still have options to save your home. At the Law Office of Henry Hernandez, we will help you decide whether you should keep your home when you face foreclosure in Florida.
How can you stop foreclosure? When facing foreclosure, contact our office in Naples of Miami for a free review of your legal options.
Helping You Decide Whether to Keep Your Home
The first thing that we do when someone comes into our office with foreclosure concerns is to decide whether they even want to keep their home. Sometimes, financial difficulties are so great that it is best just to walk away from a home and start fresh. We will look at the terms of your mortgage to determine whether you will be able to afford your mortgage now or in the future.
Getting Out from Under Large Mortgages
With housing values continuing to fall, the problems associated with the housing market show little sign of easing. You may face a situation where the value of your home is less than what you owe on your mortgage. We will inform you of all your foreclosure defense options including:
- A Short Sale — This is where the lender accepts less than the total amount of the loan — allowing the borrower to sell the home and pay off the lender.
- Discharge of Debts — Under Chapter 7, you can turn over your home to your lender and have it sold at auction — your lender will not be able to come after you for the deficiency.
- Reorganization of Your Mortgage — When you want to keep your home, you may be able to reorganize your debt and pay back what you owe to your lender.
- Eliminate Second Mortgage and Home Equity Line of Credits -If your home or investment property has lost value, you may be able to remove a second mortgage or home equity line of credit.
Free Consultation about Your Foreclosure Defense Options
Whether you want to keep your home or not, we at the Law Office of Henry Hernandez will work with you and your lender to find out the best options for you. For more information, contact us for a free consultation with an experienced attorney.
Se habla español — Free Initial Consultation
