When Do Homeowners Need Miami Foreclosure Lawyers?
A homeowner may need to hire Miami Foreclosure Lawyers when facing eviction or foreclosure. A foreclosure is a legal proceeding where the lender takes back possession of the home. It can occur when the borrower fails to pay their mortgage or if they are unable to afford the payments. Foreclosure proceedings are initiated by the lender and require lawyers. There are several situations when you should consider hiring a foreclosure attorney:
• You have missed mortgage payments, and your lender has threatened foreclosure. Your lender may offer other options besides foreclosure if you contact them immediately and inform them of your financial difficulties. There is no guarantee that Miami Foreclosure Lawyers can stop the foreclosure process altogether. Still, they may be able to get it delayed or renegotiated so that you can make payments on time without losing your house.
• Your home has been damaged by fire, flood or other disasters, and you cannot afford repairs or insurance payments on top of your mortgage payments. In this case, your lender may allow you to make smaller payments until repairs can be made and insurance claims processed.
• Your lender won't work with you to modify your loan so that they can allow you time to pay back what you owe and keep your home from being foreclosed upon entirely or partially.
• Your lender has started the foreclosure process on your home even though you think there may be other options available to you.
• You've received a notice from your lender that you need to pay off your loan by a specific date, or else they'll take back possession of your home through foreclosure proceedings.
• Miami Foreclosure Lawyers are also helpful if you are facing eviction because of unpaid rent or other debt obligations. Suppose this happens, and you cannot afford an attorney yourself. In that case, organizations like the Legal Aid Society specialize in helping people like this navigate their way through legal proceedings quickly and efficiently so that they don't lose their homes due to a lack of representation at court hearings.