Victims of predatory lending or mortgage fraud should have an attorney review their mortgage documents. Mortgage Foreclosure DefenseDo you know someone who has been sued for foreclosure? Are they afraid of losing their home? If so, and if they want to keep their home and equity in it, hiring an attorney may be the best solution. It may allow the owners the time needed to make serious decisions. Many people assume that if a lender starts foreclosure proceedings the defendant owes the money and has no real defense. However in the better part of the last decade many different types of mortgage loans and creative financing of these loans have evolved. In many cases, mortgages were approved by falsifying information and hiding abusive fees within the mortgage contract. Fortunately, for those homeowners in a foreclosure crisis direct violations of the law can form the basis for defending foreclosure suits. Victims of predatory lending or mortgage fraud should have an attorney review their mortgage documents. It may mean the difference between keeping the home or not. Because the lender hires attorneys to pursue its foreclosure cases, it is important for any homeowner who is facing foreclosure to hire an attorney to defend their interests. Lenders are often much more willing to negotiate after an attorney advises them of the violations that may be found within a mortgage contract. Under Florida law, if rights were compromised during the creation of a mortgage contract, the owners may be entitled to seek relief, whether it is a negotiation for reduced payments, reduction or deferral of principal, forgiven debt, or other solutions depending on the unique situation. Marlowe McNabb, P.A. can help distressed homeowners preserve their rights and lead an aggressive foreclosure defense. Call us to speak with an attorney who can assess your situation. |