If you live in the Weston area and are getting harassed by a third-party debt collector or the original creditor, the Arcia Law Firm can explain what your rights are under federal law and help you with foreclosure assistance and mortgage forbearance. It’s one thing for a creditor to call you about a late or missed payment, but some bill collectors can be ruthless and even break the law when trying to collect on a debt. Fortunately, a debt collection lawyer in Weston can ensure that your rights are protected and that the harassment will stop.
Over the past decade, the housing market in Florida has been like a roller coaster ride. The days of selling your home quickly have long passed. In recent times, we’ve faced an economic upheaval with the advent of the Coronavirus that has rocked the mortgage industry. During this time, many homeowners have struggled financially and have had a great deal of difficulty making their monthly mortgage payments, and are now facing foreclosure as a result. If this has happened to you, a Weston foreclosure attorney from the Arcia Law Firm can help.
What Has Caused So Many Foreclosures in Recent Times?
By approving home loans that are beyond many applicants’ financial means, many lenders have made tremendous amounts of money. Expensive homes were bought with only a small down payment. Unfortunately for many homeowners, the value of their properties decreased dramatically. With the advent of the COVID-19 pandemic, job losses have skyrocketed while many other individuals have had to take a cut in pay or accept jobs that pay far less than what they’ve grown accustomed to.
Today, more homeowners are facing foreclosure than at the height of the housing market crash in 2010. Sadly, we cannot blame the pandemic entirely for this. Several other reasons can dramatically alter your financial situation. Some of the more common reasons for foreclosure include:
- accepting a lower-paying job
- credit card debt
- death of the primary breadwinner
- extensive medical bills
- losing one’s job
- moving to another location and not being able to sell your current home
- natural disasters
If any of these reasons have you facing foreclosure, you need the legal representation that a Weston foreclosure defense attorney from the Arcia Law Firm can provide.
Florida Foreclosure Law
According to the laws in the state of Florida, all foreclosure proceedings fall under the court’s supervision. The lender files a foreclosure lawsuit in the Circuit Court to initiate the proceedings. The objective of the Weston foreclosure attorney is to stop the proceedings entirely by carefully examining your loan and all of the aspects of it. Just remember, the lender must prove they have the right to foreclose on the homeowner. This gives your attorney the right to thoroughly examine your loan for any errors.
There are several alternatives to consider if you want to prevent foreclosure on your home. This may include filing Chapter 13 bankruptcy, a loan modification, refinancing, or a short sale. Truth be known, most lenders would prefer that you continue making your monthly payments and keep living in your home instead of foreclosure. A good Weston foreclosure defense attorney will negotiate with creditors and assist you in finding alternatives.
We Are Here to Help
Working with a Weston foreclosure attorney from the Arcia Law Firm is one of the best ways to help yourself in situations like this. Our attorneys know the laws regarding foreclosure and can help guide you through the legal process without wasting a lot of time fighting with banks and creditors. Foreclosure proceedings are often complex and require the right Weston foreclosure defense.
Banks and lenders have their own legal representation. So, doesn’t it make sense that you should, too? If you’ve already received a foreclosure notice or feel you’re about to, don’t hesitate. Call the Arcia Law Firm today at (954) 437-9066.