Foreclosure Defense

The state of Florida leads the country with nearly 91,000 foreclosures as of April, 2012.  The majority of those foreclosures proceeded uncontested by the homeowner.  That number is so staggering because most homeowners do not even consider foreclosure defense to save their property.

It is understandable; you are behind on your payment, you owe the lender money, you have pleaded with your lender to work with you but ‘there is nothing they can do.’  So with slumped shoulders and your head hanging low, you ashamedly drudge through until you arrive at the day when your lender forecloses on your home.  But it does not have to end this way!

Foreclosure defense is not denying the debt; it is your legal right to protect not only the ownership of your property, but to dispute against the worst possible outcome for your future credit.  Foreclosure defense will help you pursue alternatives to the inevitable damage done to your financial credibility that reneging on a mortgage will create.

Back in the day, the banker you sat with at the closing table was the same banker that held your note until you paid your loan off.  If your financial circumstances changed and you were struggling to make your payments, you could give them a call, explain the situation, and they would do their best to work something out.

Unfortunately, those days are a distant memory.  Depending on how long you have had your property, chances are your mortgage has changed hands at least once and possibly multiple times.  Banks package loans and sell them to investors.  Investors are interested in making money; not in whether or not you lose your home.

Fortunately, you are not powerless against these investors (aka loan servicers).  It takes approximately 180-200 days to complete an uncontested foreclosure in the state of Florida. That gives a property owner more than six months seek foreclosure defense.

The typical homeowner is not equipped to defend against an impending foreclosure.  The important thing to remember is to not just succumb to whatever your mortgage holder is telling you; seek competent legal counsel to review your case and find out what options are available.