Orlando Foreclosure Attorneys
Defending Your Home in Florida
Are you falling behind on payments or having a difficult time paying your mortgage? Are you starting to get phone calls from your bank or lender? If you’re facing the loss of your property due to foreclosure, not all hope is loss—there are alternatives that our Orlando foreclosure attorneys can help you to consider. At NeJame Law, our team is passionate about helping our community through any legal issue they’re facing, including financial problems. We recommend giving us a call as soon as possible—ideally before the foreclosure process has begun. The worst thing you can do in this situation is to wait and pretend that it’s not happening. We can determine your next steps and offer you much-needed legal guidance if you want to keep your home.
How Does Foreclosure Happen?
Foreclosure is a process that occurs when a borrower stops paying the mortgage
payments and their lender or mortgage company decides to repossess the
home. It can also occur when the homeowner stops paying their homeowner’s
association fees or property taxes. During the foreclosure process, the
lender takes the property and usually sells it to regain the money they lost.
If you’ve failed to make your payments and your home is now in danger of foreclosure, our lawyers understand what you’re going through and are here to remind you that there’s nothing to be ashamed about. No one enters a loan agreement with the expectation that they’ll no longer be able to make their payments one day.
Life is full of unforeseen circumstances. Some reasons why people can no longer afford their monthly payments include:
- Losing part or all of income because of death or divorce
- Getting fired or laid off
- Accruing excessive debt
- Experiencing a medical emergency
There are several stages of foreclosure, beginning with missed payments. From there, you may receive a public notice from your lender that specifies legal action will occur if your debt isn’t paid. The pre-foreclosure will then begin, giving the homeowner 90 days to take action before the property is repossessed and auctioned off to the public.
What is Chapter 13 Bankruptcy and How Can It Stop Foreclosure?
One of the ways individuals under financial stress can save their homes
from the foreclosure process is by declaring Chapter 13 bankruptcy. Chapter
13 bankruptcy creates a repayment plan so you can pay back your debtors
on a monthly schedule over time. When you file for bankruptcy, you can
include the mortgage payments you haven’t made to temporarily stop
However, people who file for Chapter 13 bankruptcy must make enough income to make their current mortgage payments while also paying off their past debts. An organized repayment plan may be what you need to avoid foreclosure and get back on track with your payments.
How Our Lawyers Can Help
Are you unsure of whether you qualify for a Chapter 13 bankruptcy? There
are other alternatives to consider to help you avoid home foreclosure,
all of which an experienced attorney will know about. Our lawyers can
meet with you to review possible defenses and use our resources and knowledge
of the real estate market and mortgage lending industry.
It’s in your best interests to act quickly and call our firm as soon as possible—preferably before the procedure begins, though we know that many individuals don’t know their property is in danger until they receive a notice from their mortgage company saying the foreclosure process has already begun. The sooner you call, the sooner we can get started.
Our Orlando foreclosure attorneys are on standby and ready to help. Call us if you’re facing foreclosure in Florida today at (407) 500-0000 to learn about your legal options.