Foreclosure is a word that strikes terror into the hearts of homeowners. While Florida gives borrowers in default some advantage by requiring the lender to file a lawsuit and settle the matter before the court, in Florida foreclosures can be disastrous. Not only can you lose your home, but you could end up with a huge deficiency judgment against you if you owe more than the home is worth. However, there are a number of strategies to help you slow down the process. Foreclosure defense can buy you valuable time to save money for a move, or to afford you the opportunity to seek mortgage modification and keep the property.
Fighting foreclosure depends entirely on the circumstances of each individual case, as well as the provisions of your mortgage. Here at the McCue Law Firm, we can help you identify laws that can protect you from foreclosure; or alternatively, we can help delay it while determining the viability of options, such as reinstatement, modification, refinancing, short sale, or deed-in-lieu.
Foreclosure defense isn’t easy – and it’s surprisingly uncommon, with close to 90 percent of foreclosures going unchallenged. We’re here to help you be part of the lucky 10 percent who can and do defend their property, and we’re here to do it the right way. With 40 years’ combined experience, we’re Fort Lauderdale’s first line of defense against foreclosure.
Christian and Lisa McCue are law graduates of the Nova Southeastern University, with over forty years of combined experience in handling legal affairs of others, especially in the most difficult areas of finance: Personal bankruptcies, mortgages, foreclosures, and corporate liquidation.
As a married couple, we understand the challenges that financial hardship can present for families. We focus on providing not only competent legal support, but also on helping you manage the emotional upheaval by taking the bulk of the burden off your shoulders.Read More About Christian and Lisa McCue
The length of the process is different for each situation. These days, it is rare to see foreclosures taking several years to complete like they did a few years back. With proper representation, however, most foreclosures today take anywhere from 1 year to 18 months from the first missed payment to the date of the auction.
Yes. The MMM Program is available to all debtors in the Bankruptcy Court for the Southern District of Florida. Of course, there are no guarantees the process will be successful. However, statistics show that the MMM Program is your best chance at saving your home through mortgage modification.
There are a lot of factors to consider. Do you owe more on your property than it is worth? Is there a second mortgage that may be strippable in Chapter 13? Can you afford to cure and maintain your mortgage in a Chapter 13 plan? These, and many more questions, will be discussed at the initial consultation with a McCue Law attorney before a decision like this would be made.
Want to learn if foreclosure defense or bankruptcy is the best option for you? Get started with your free case evaluation by filling out the form below.