Foreclosure happens when a mortgage holder pursues legal action against a homeowner to reclaim the title on a property to satisfy an outstanding balance, usually as result of failure to pay the loan debt in full. It is a long, complex and emotionally draining process that can be very intimidating for a person to take on, on their own. Foreclosure law is very complicated, and the legal proceedings surrounding it are constantly changing and evolving. Because of the huge number of cases of this nature that go through the courts on a daily basis, precedent can change in a very short period of time, and many courts wish to expedite the process of foreclosure as much as possible. This is why it is very important to secure a skilled foreclosure attorney from Snell & Snell in Daytona Beach as early in the process as you can.
We Offer Invaluable Assistance
When served with the complaint and summons that begin a foreclosure, you typically only have 20 to 30 days to act. Your response needs to address every defense and counterclaim you have against the mortgage holder; otherwise, you risk losing these defenses permanently. Enlisting the assistance of a foreclosure lawyer might ensure that every possible defense is utilized to stop foreclosure. Involving the law offices of Snell & Snell can get you the leverage and valuable time to negotiate a modification with the bank, to apply for a court-ordered repayment plan, to get rid of credit card debt through bankruptcy or even to sell your home at a short sale. Putting together a foreclosure defense with an experienced lawyer gives you options that you might not otherwise have.
OUTLINE OF FORECLOSURE AND OPTIONS
1.PRE-FORECLOSURE OPTIONS
A.CONTACT LENDERS LOSS MITIGATION DEPARTMENT
Be diligent and patient
Get names and extension numbers of loan representatives and date of call
Continue to work on modification even if foreclosure proceedings filed
B.FOREBEARANCE/REINSTATEMENT
Temporary reduction or suspension of payments
Payments plus extra resume to catch up missed payment
Let Us Fight for You Now in Ormond Beach
If you are fighting for postponement of foreclosure sales in Daytona Beach or Ormond Beach, secure a real estate lawyer now by calling us at 386-255-5334.
