When you get the keys to your newly purchased home, you probably intend to make it a place for you and your family to live for years to come.
No one who buys a house wants to lose it to foreclosure. Unfortunately, the housing crisis of the last few decades hit Florida property owners especially hard.
Florida’s foreclosure rate is consistently one of the highest in the nation.
If unexpected financial struggles have placed your home at risk, call our Tampa Mortgage foreclosure attorneys to learn how we might be able to help you save your home.
Most Floridians don’t realize how many options they have to help with mortgage debt. Some of the tools we can help you with are:
- The federal program Making Homes Affordable (HAMP)
- MHA’s Second Lien Modification Program (2MP)
- Home Affordable Unemployment Program (UP)
- Mortgage Modification Mediation Program (MMM)
- Short-Sale
- Chapter 13 Bankruptcy
- Deed-in-Lieu of Foreclosure
- Foreclosure
Our team is knowledgeable about all of these options and can help you determine the best course of action to put you back on the road to financial stability.
What is Mortgage Mediation?
Some Floridians who are behind on their mortgage payments can avoid foreclosure. The Middle District Bankruptcy Court offers a mortgage modification mediation program (MMM) which allows debtors to modify the terms of their loan to something they can afford. This program is very effective; 75% of mortgages modified through this program are successful.
Our attorneys have the experience and knowledge to help you through the loan modification process. Let us take some of the weight off of your shoulders. Our experienced attorneys can negotiate with your lender to come to an agreement that will work for you.
What is Foreclosure Defense?
Another way FL Legal Group can help is through Foreclosure Defense.
Many times, a mortgage company might move ahead with filing a foreclosure action against you in court before the loan modification or mediation process is complete.
If this happens, our foreclosure attorneys will step in; we will advocate for you, compelling the lender to participate in the mediation process.
Once a creditor commences a foreclosure suit against you, your rights under Florida and Federal law give you time to obtain a loan modification, arrange a short sale or file for Chapter 13 Bankruptcy.
These options all help you to take back control after facing financial challenges.
What happens if I am not a good candidate for modification?
If your situation makes loan modification impossible, the attorneys at FL Legal Group can help you decide if bankruptcy is right for you.
We will carefully consider your particular financial situation and make a recommendation about whether Chapter 7 or Chapter 13 bankruptcy might be good options.
Our only goal is to help you get things back on track so that you can move forward and plan for the future. There is life beyond debt; let us help you break free.
Don’t lose your home if you don’t have to.
Contact the experienced Tampa mortgage foreclosure attorneys at FL Legal Group today if you are at risk of losing your home.
Our professionals understand how Floridians have been hit hard by the economy, and we’re ready to offer our support.
Contact Us
Click Here or call us today at 1-800-984-9951. Our sensitive, considerate professionals are waiting to talk to you about how we can help.
Don’t wait any longer to take back your life. Call now to maximize our chances of helping you find a solution to your debt problems.
Sources:
http://www.flmb.uscourts.gov/mortgage_modification/District_MMM_Procedures.pdf
http://edr.state.fl.us/Content/presentations/economic/FLOverviewofForeclosures_1-24-13.pdf
https://abi-org-corp.s3.amazonaws.com/materials/ConsumerBankr_Mediation.pdf
http://www.mortgagemodsummit.com/docs/Debtor_White_Paper_FLMB.pdf