FORECLOSURE DEFENSE LAWYER IN ORLANDO
PROTECT YOUR HOME FROM BEING REPOSSESSED
When everything seems to be falling apart around you, your home is your place of refuge. The last thing that you could want is to lose your home when times get tough. Homeowners who fall behind or “default” on their mortgages for too long could have their homes repossessed by their lender – a process known as foreclosure. Banks are much more hesitant to pursue foreclosure than you would think, however, because it is a long, difficult, and costly process. Anyone who is facing foreclosure should take immediate action to stop foreclosure and to work with their lender toward a better form of debt resolution.
UNDERSTANDING THE FORECLOSURE PROCESS
When a homeowner defaults on their mortgage payments, their bank will begin sending them letters to collect the debt. After a while, the bank may decide to foreclose on the debtor and will send them a notice of foreclosure. The house is not immediately repossessed, however. The homeowner still has time to speak with their lender and negotiate an alternative option. It is highly beneficial at this time to be represented by an Orlando bankruptcy attorney. With a skilled attorney negotiating on your behalf, your lender could agree to debt settlement, a loan modification, or a short sale instead of foreclosure.
BANKRUPTCY AS AN ALTERNATIVE TO FORECLOSURE
Bankruptcy is also a means of avoiding foreclosure. If your home is foreclosed upon, your credit score will suffer heavy damage. Foreclosure also appears on your credit report for seven years and has a detrimental effect on your ability to get credit or loans in the near future. If you file bankruptcy, an automatic stay will be placed on any foreclosure proceedings, meaning that foreclosure will be stopped until your debts are discharged through bankruptcy. You will be able to keep your home in all but a few rare cases, and you will be able to start rebuilding your credit almost right away.
FIND A BANKRUPTCY ATTORNEY NEAR YOU
Fisher Legal Group has assisted numerous Orlando residents in protecting their homes from foreclosure. We can negotiate with your lender for a loan modification, debt settlement, or short sale, or we can help you file for bankruptcy in order to save your home. Our attorneys will thoroughly inform you of your options so that you know which decision is best for your case. Our firm was named Law Firm of the Month by Attorney at Law® Magazine and has a history of successful results, even with the most difficult cases. Contact us as soon as possible for a free case evaluation to learn more!
Get your questions answered - Call for a free consultation or assessment of your needs (407) 792-6970.