The problem that many people in Foreclosure face is time. In other words, the Florida Foreclosure Process can go quickly thereby decreasing their chance to sell or modify their mortgage. While a Homeowner can hire an Attorney up until the Sale, the best time to do so is when they are served. Therefore, if you are in Foreclosure, contact the Law Office of Brian P. Kowal, PA at (954) 990-7552. The best time to speak to a foreclosure defense attorney is as soon as possible.
Should you speak to a Foreclosure Defense when you get served?
After assisting Homeowners for twenty years, I have learned that the most effective time to help is in the beginning. This means that upon being served, you should immediately contact a Lawyer. During the twenty-day response period, an experienced Foreclosure Defense Attorney can analyze the best course of action.
- Defend the Foreclosure
Foreclosures are filed against a Homeowner that fails to pay their Mortgage. This can be due to a variety of economic circumstances. Regardless of the cause, the Foreclosure case has to be defended. Without proper Foreclosure Defense, the property can be sold within four months. An Experienced Foreclosure Defense Lawyer can usually help keep the process going to allow a Homeowner take advantage of the available options.
- Sale of Property
The last piece of advice an individual in Foreclosure wants to hear is to sell their property. Our office understands the importance and value of a Home to a Homeowner. We also understand that the Foreclosure Process can work against them. This means that if they lose the property to a Foreclosure Sale, the equity in their property can disappear. It is very difficult for many Homeowners to understand how important this equity is.
The Real Estate Market has drastically changed in the last ten years. For example, most people that purchased their property before Covid took over now have a great deal of Equity in their properties. This was due to the price of Homes increasing. Some people that owed more than their home was worth now are in a different position. Homeowners in Foreclosure need to take advantage of these circumstances. If they sell, they can keep the Sale proceeds, pay off all liens, and more importantly, avoid having a Foreclosure Judgment against them.
- Loan Modification
Our office has found that most Homeowners want to keep their property. The dream of owning and keeping a Home can take priority. If you are considering this option, you cannot wait until a month before the Foreclosure Sale. Applying for a Loan Modification should occur after you are served. It can be devastating for a Homeowner to wait and find out that they are unable to qualify for a Loan Modification but a Foreclosure Sale is only two weeks away. Try and take advantage of the available programs that a Bank may have to keep your property. If you do not qualify, you can always sell.
Do not wait until a Foreclosure Sale is scheduled on your home. The day that you are served, contact the Law Office of Brian P. Kowal, PA at (954) 990-7552 to learn about your options.
