If you are being sued by a bank for foreclosure, it is important not to panic and to understand your options. Collection agents may tell you that you are going to lose your house if you do not make an immediate payment, which is untrue. The fact is, based on the route you chose, you can stay in a property for a couple of years or more if you make the ideal moves. Financially, the amount paid in legal fees to achieve this result is a pittance compared to the amount of money paid in rent elsewhere.
Even if you have been defending your foreclosure case for an extended period of time, it is possible to negotiate a short sale, loan modification or deed in lieu of foreclosure and still get the bank to release debt liability.
It is extremely important to protect your rights by responding to the lawsuit with a vigorous legal defense within the timeframe required by the laws of your state. Even if you failed to answer in a timely manner, a skilled lawyer can still help you and likely even stop a looming foreclosure sale.
Orlando Foreclosure Attorney
Our Orlando Foreclosure Defense Lawyers have had success helping hundreds of clients stay in their home for a fraction of the cost of renting elsewhere. We can ensure you protect your rights by responding to the foreclosure within the response period. We have successfully stopped foreclosure sales by getting involved literally on the eve of sale. We are able to use the federal Home Affordable Modification Program as well as the Home Affordable Foreclosure Alternative Program or bankruptcy to stop a foreclosure in its tracks. Many lawyers simply are not versed in this complicated domain of law and can lead clients into disaster if the situation is not handled ideally.
If you find yourself in this situation, we strongly encourage you to reach out as soon as possible to ideally protect your rights.
To discuss any aspect of debt relief options in a free initial consultation, call our Orlando Foreclosure Attorneys at 407-278-7779 or e-mail us.
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