Coral Springs Foreclosure Defense Attorney
Save Your Home
You may have fallen a month behind in your mortgage payments, or maybe two months or even more. If you have received a notice of default from the bank, or even a notice of foreclosure, it’s not too late to save your home. At the Law Offices of Barry S. Mittelberg, P.A., we know the right moves to prevent a foreclosure and help you save your home. When keeping the home simply isn’t an option, we’ll help you delay or avoid a foreclosure so you can move out on your own terms instead of being forced out by the bank. In Coral Springs and Orlando, call the Law Offices of Barry S. Mittelberg, P.A. to discuss your options with a caring and dedicated Coral Springs foreclosure defense attorney.
Bankruptcy Stops Foreclosure
If a foreclosure is imminent, filing for bankruptcy will put into place an “automatic stay” that stops creditors and bill collectors from trying to collect on a debt you may owe. This includes stopping banks and lenders from moving forward in the foreclosure process. If you’re in Chapter 7, you may discharge enough unsecured debt so that you’re able to make up missed payments and afford your mortgage going forward. In Chapter 13, you can roll those missed payments into your wage earner’s plan, bringing your account current and making up those payments over a three or five-year period.
Bankruptcy Makes Your Mortgage Affordable
Other tools are available in a Chapter 13 bankruptcy to help you save your home. For instance, if what you owe on the house is far above what the house is actually worth on the market, your lawyer can cramdown the mortgage balance to something closer to the home’s value. If you have a second mortgage on the home as well, this junior lien can be considered unsecured and stripped away, leaving you with only the first mortgage and an affordable monthly payment.
Loan Modifications and Workouts
If bankruptcy isn’t in your best interests, the Law Offices of Barry S. Mittelberg can help you save your home in other ways. For instance, we can negotiate a loan modification or workout with your lender that results in a lower outstanding principal or a lower interest rate, and a lower monthly payment. People who try to negotiate on their own often don’t understand that the foreclosure process is still underway even while they are trying to get a loan mod, or they think they have negotiated a workout, but after a month or two the bank refuses to recognize the modification. We negotiate effective mortgage modifications that are binding, enforceable and achieve the desired result.
You don’t have to let your home go without a fight. You may have many defenses available to fight a wrongful foreclosure of your property, including issues such as predatory lending tactics or failure to provide required disclosures when your loan was made. We’ll scrutinize your case and provide strong, aggressive defense led by a seasoned litigator who’s not afraid to go to court and fight on your behalf.
Sometimes it simply does not make financial sense to keep the house, such as when you owe more on the mortgage than the house is worth, or when you simply can’t keep up with payments despite your best efforts. If this is the case, we can negotiate a short sale, deed in lieu of foreclosure, cash for keys or other solution that turns the house over to the bank without a foreclosure showing up on your credit report, and without you being held liable for any deficiency judgment when the home is sold. These matters are tricky, and it’s essential to get help from an experienced attorney to make sure it’s done right.
Let Barry S. Mittelberg Help Save Your Home from Foreclosure in Orlando & Coral Springs
If you are facing foreclosure in Orlando or Coral Springs and need to know your options, call the Law Offices of Barry S. Mittelberg for a free consultation and immediate assistance at 954-752-1213.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.