4 Ways to Avoid Foreclosure in Florida

If you find yourself facing foreclosure on your home in Florida, you can bet the banks will be coming at you from all sides. Big banks don’t miss a beat, and if you begin falling behind on your mortgage payments, there won’t be much in the lines of forgiveness or empathy from them either when the first letters and phone calls start to roll in.

If you’ve fallen on hard times and are struggling to keep pace with your payments, it’s time to talk to expert foreclosure defense attorneys. After all, the best offense against a mortgage lender coming after you is a strong defense – and that’s what we guarantee for each and every one of our clients.

How to Avoid Foreclosure in Florida

Staring down the possibility of foreclosure comes with serious consequences, and our team of experienced trial attorneys at Jacobs Legal will be at your side to guide you through your options and put up the biggest fight to help you keep your home.

Here are four options homeowners have if they want to pursue the path of staying in their property and avoiding foreclosure.

1. Fight the Foreclosure – Arm yourself with a strong legal team and go to battle. The Courts are overwhelmed with foreclosures, and many bank lawyers are underpaid and overworked. Additionally, during the process, you can continue to live in or rent the property without making payments to the bank. Filing a lawsuit to stop the foreclosure may seem like a drastic step, but in many cases, it’s the only path to justice and the only way to ensure that your rights as a homeowner are protected.
2. Seek a loan modification – Banks that fear a difficult foreclosure may agree to changes to rewrite your loan, including reducing the principal amount owed on the loan, converting an ARM to a Fixed-rate mortgage, offering steep reductions in the interest rate, extending the payments schedules or reducing monthly payments.
3. Refinance the loan – For every need, there is a market. Aggressive lenders and foreclosure relief laws could jump-start funding to rescue people in foreclosure.
4. Seek forbearance – Many lenders will agree to delay foreclosure proceedings, and some will agree to cancel sale dates, which will allow you more time to decide on the best exit strategy.

Big banks seeking to turn a profit are not interested in ensuring that your rights are protected, but we are. Don’t let the threat of foreclosure force you out of your home, especially now when so much else is in crisis in the world. Get in touch with us at Jacobs Legal right away. Our experienced team of trial lawyers will help you understand your rights and determine the best next steps to take.