Foreclosure Defense Help To Keep Your Home Short On Mortgage Payments? Call Our Foreclosure Helpline in Jacksonville, Florida For Sale

Jacksonville, Jacksonville Beach, St Augustine Foreclosure Defense lawyerxxxx
Crouse Law Office 904 425-xxxx
A Foreclosure Defense lawyer to help you.
What is Foreclosure?
Foreclosure is a process that allows a lender to recover the amount owed on a defaulted loan by selling or taking ownership of the property that secures the loan. The foreclosure process begins when a borrower defaults on loan payments and the lender files a public default notice, called a Notice of Default (NOD).
The foreclosure process usually ends one of four ways:
1. The borrower/owner avoids foreclosure using a foreclosure prevention program during a grace period (pre-foreclosure). Two main solutions are possible with many variations:
A. A loan refinance or new loan is obtained to pay off late payments and bring the loan current.
B. A mitigation specialist works out new payments with the lender to avoid foreclosure.
An expert can help you with these options here
2. The borrower/owner sells the property to a third party during the pre-foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on their credit history.
3. A third party buys the property at a public auction at the end of the pre-foreclosure period.
4. The lender takes ownership of the property, usually with the intent to re-sell it on the open market. The lender can take ownership either through an agreement with the borrower/owner during pre-foreclosure or by buying back the property at the public auction. These are also known as bank-owned or REO properties
Choosing the right foreclosure defense lawyer can be the most important decision you can ever make. Call our Foreclosure defense lawyers with confidence.