The idea of losing your home is a stressful one. When you’ve poured hopes and dreams into your property and made it a home for your family, the thought of losing it to foreclosure can be unbearable. Unfortunately, there are a number of scams out there that prey on homeowners desperate to learn how to stop a foreclosure in Florida, and people fall for them all the time. The fear of having a foreclosure on your credit report is also oversold. Yes, it is a negative event, but the impact of a foreclosure is a lot like the impact of bankruptcy – the impact lessens over time and is dropped entirely after seven years.
The first steps to stopping foreclosure are knowing which steps not to take in the first place. Be on the lookout for all of these signs of a less-than-honest player.
Let’s break down how to stop a foreclosure in Florida for real. There are three possible scenarios here.
In this case, you need to be working with an attorney or a HUD-certified counselor to take full advantage of these options.
You can even combine some of these options such as a forbearance and refinancing, or reinstatement or loan modification, or a repayment plan and loan modification.
Yes, it’s hard to think about, but in some cases being able to walk away without a foreclosure is the best thing. Those late or missing mortgage payments will still be on your credit report for seven years, but not the foreclosure.
You’re going to need an attorney for this one. You’ll be in court, arguing to stop the foreclosure, and if you do not have evidence to back up your claims the court is not going to be happy. Wrongful foreclosure can consist of forcing a company to show that they own the mortgage note, or by documenting improper notice or service. The mortgage company foreclosing must also have “clean hands“or the petition to foreclose may be denied.
An experienced attorney is your best bet for coming out on the other end of all three scenarios as whole as the law can make you. Getting into foreclosure is not easy, and neither is getting out. Arrange a consultation and bring all of your financial information with you – there are also ways to keep your home in bankruptcy.
Financial woes very rarely come from just one area, and it can take an experienced bankruptcy and debt attorney to help you sort everything out. Making the best choices means having the best available information, and that’s where an attorney’s advice is critical. In a Chapter 13 bankruptcy, you can settle your debts and exit bankruptcy with your home, and all claims and creditor issues settled.
At Van Horn Law Group, we have the experience you need in the toughest times. Book a FREE consultation at our Fort Lauderdale or West Palm Beach office and find out what we can do for you. Your financial future doesn’t need to be bleak if you’re facing foreclosure. The lenders have lawyers on their side, and you should have a tireless advocate on yours. Call us today and let’s get started and put the brakes on that foreclosure.
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