We want to help!
There is a foreclosure crisis in America. A family’s dream of home ownership, the foundation of American values, is in jeopardy. Brown & Associates would like to help.
If your home is heading towards foreclosure, or you are considering loan modification, a short sale, or a deed-in-lieu of foreclosure, then the foreclosure attorneys at Brown & Associates can help. If you are in Tampa, Clearwater, St. Petersburg or anywhere in the Tampa Bay area then we would be happy to provide a free consultation to help you determine your best strategy for keeping your home or, if necessary, leaving your home with dignity.
At Brown & Associates we’ve helped many homeowners and families who are facing the frustration of foreclosure. We can help work through your options and discuss your alternatives. You certainly want to stay in your home if it makes sense and if you must leave, you want to maintain your credit rating and salvage as many assets as possible with an aggressive foreclosure defense. Loan modifications and short sales are both ways you can avoid foreclosure.
If you feel you can’t meet your home loan obligation or you are anticipating a major financial issue in your life, you may want to be proactive so your home is not lost to foreclosure. You can avoid foreclosure if you move quickly, as soon as you begin to get behind on your loan payments.
If you begin to realize you will have a problem paying your loan on time contact your lender. This is something most folks in trouble never do. It’s a big mistake. Your lender does not want a defaulted loan any more than you do. They are probably anxious to try and work something out. But you must be honest about your situation. There’s no point in painting a picture that’s rosier than it actually is. Tell them exactly what you can do and what you can afford. Don’t mislead them or yourself.
Remember you have rights. Foreclosure laws are there for your protection. The more you understand your rights and responsibilities the better chance you have of doing the right thing.
We can help. Foreclosure proceeding in Florida must follow a very specific process. Make yourself knowledgeable of that process. Learn more here.
Credit Issues With A Foreclosure
If you are facing foreclosure, or even are just behind on your mortgage payments, it may be time to consider your alternatives, and what the credit ramifications are for those alternatives.
The fact is, any time you get behind on your payments of any kind, your credit is bound to be affected. Now in the case of going into foreclosure, the credit “hit” will be the worst. But even being behind on a few payments is often basis for your lender to make the credit reporting bureaus aware of your problem.
As you probably know your credit score is important. A good score can save you many thousands of dollars in interest charges. Plus it can help you get credit for things you and your family need. Your FICO score, which stands for Fair Isaac Corporation, the originators of the index, is used by almost every lender to determine an applicants ability to pay back a loan.
Problems with paying bills will affect your credit score. A foreclosure will affect your credit score severely for a long time… usually in the neighborhood of 7-10 years. Learn more about credit issues here.
The lender in your foreclosure probably has a team of lawyers on staff who’s goal is to have the foreclosure move quickly and be in their favor. To compete on equal footing, you need your own attorney working for you. Attorney Barbara Brown is an experienced real estate attorney who has handled many foreclosures and short sales. She has handled over 150 short sales, just in the last few years. She can make sure your foreclosure is in YOUR favor… and possibly can be avoided altogether.And there are many possible scenarios. Your foreclosure can be stopped in its tracks and possibly avoided altogether. Remember a foreclosure is not in the best interest of the lender either. They are open to negotiations. A loan modification is clearly a possibility. And even doing a short sale can be the right option for both parties. It really depends on your situation.
At Brown & Associates and Brown & Associates Title Division we have helped many Tampa Bay home owners during foreclosures, loan modifications, and through the short sale process. We are experts in this area and are anxious to use our expertise to help home owners during these troubled times. Here’s some reasons you might want to seek our help.