One Of The Best Broward Foreclosure Attorneys
This year, statistics suggest about one quarter of homeowners will experience a delinquency, leading 70% to default on their mortgage, leading the bank to take their home. If you’re a borrower facing foreclosure, here are a few things you might find helpful if you’re looking for one of the best Broward foreclosure attorneys. *
File this one under if only you knew.
Claim: Bank just served with with foreclosure , I need to move out ASAP.
False.
What’s true: A foreclosure complaint is the tip of the iceberg. The entire process may take months, or even years to complete with the help of the best Broward foreclosure attorneys.
Claim: It’s a lost cause, as I stopped paying bank.
False.
There are many defenses available to the homeowner. Many banks don’t have the right to foreclose. Each situation is different, so it all depends on what makes the most sense in your circumstance.
Claim: All is well, as a foreclosure “white knight” is here to defend against bank.
False. And run.
Chances are, these non-lawyer companies will take your money and get nothing done.
Claim: I saw on the Internet a company that guarantees to stop my foreclosure … they want a lot of money up front.
False.
If it sounds too good to be true, chances are it is.
Claim: Sure, I’ve been served, but I’ll just go talk to the judge, all will be well.
False.
Do not be fooled, under Florida Law, you have 20 days to formally respond to the complaint. A letter or conversation with the bank will not help. Consider hiring one of the best Broward foreclosure attorneys in Broward.
Claim: I never responded in writing, so that’s that.
False.
It’s really up to the Court’s discretion, especially if you act within a reasonable time frame. However, the longer you delay, the less chance the court will be favorable to you.
Claim: I’m dealing directly with the lender. I’ve got a short sale scheduled, so I can just ignore the court papers.
False.
Many times the lender is pursuing the foreclosure while the short-sale is in the works, only to ultimately deny the short-sale and execute on the foreclosure. Remember to act promptly to preserve your legal rights.
Claim: I need to sign my loan modification offer ASAP.
False.
While there may be a time frame, ask for time to review the offer with your CPA and/or one of the best Broward foreclosure attorneys.
Claim: The property went to foreclosure judgment and was sold at auction, so I’m clear for tax purposes.
Maybe, maybe not.
Make sure to talk to your CPA.
Claim: The lender just wants the home, so they’ll leave me alone ($$$wise).
Maybe, maybe not.
Most likely, the lender is reserving all their rights under the law. A good Broward foreclosure defense attorney may be able to negotiate a release of any deficiency judgment while defending your case.
Claim: I’ll make partial payments and protect my credit.
False.
Most lenders will not take partial payments. Your credit file will likely take a hit.
Claim: I should believe in what the bank tells me and trust them when they say they are here to help me.
False.
The bank is looking out for themselves, not you.
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and others around Broward County.
* http://www.allthingsfrugal.com/a_lenders.htm