Saving your home from wrongful foreclosure
You worked hard to purchase your dream home. When unexpected circumstances occur that put your home at risk of foreclosure, you can take crucial steps to ensure that your lender complies with its legal duties. The attorneys at Battle & Edenfield, P.A. have more than 65 combined years of experience protecting homes from foreclosure. We combine innovative strategies with fierce determination to defend your right to keep your home. When selling your home presents the better option, we guide you toward the most advantageous situation. Some of the ways that we can help you are:
Foreclosure defense strategies
Battle & Edenfield, P.A. fights banks to protect your home from wrongful foreclosure by challenging the legality of the proceedings.
If your home has dropped in value to below your outstanding loan amount or if you no longer can afford your monthly payments under your current mortgage, you may be eligible for a loan modification. Battle & Edenfield, P.A. negotiates with the bank to have the terms of the original loan permanently changed to reduce payments to an amount that you can afford.
Forbearance gives you a temporary reprieve from making payments on your loan while your lender agrees not to foreclose on your home during the forbearance period. The arrangement can give you a much-needed break if you have fallen behind in your payments.
During the real estate bubble, many homes were overvalued, and mortgages were issued that reflected the inflated price. Home values plummeted, and now many homeowners owe more on their property than it is worth. With no equity in their property, these homeowners have found themselves stuck in a cycle of debt that they cannot extricate themselves from. A short sale enables you to sell your home for less than the amount you owe on the loan. The bank avoids the expense and time for foreclosure, and you can walk away from the oppressive debt.
Deed in lieu of foreclosure
Much like a short sale, a deed in lieu of foreclosure enables you to relinquish your interest in your home for the amount of the loan by exchanging your deed for the loan cancellation. Battle & Edenfield, P.A. aggressively negotiates with your lender and very carefully prepares the agreement to ensure that you do not lose your home and still remain saddled with the loan, but instead that you are truly relieved of the debt.
Contact a dedicated Brandon, Florida foreclosure defense attorney
To schedule a consultation, call Battle & Edenfield, P.A. at 813-685-3014 or contact us online today.