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We can Help You Stop Foreclosure...let us help
When you fall behind on your mortgage payments, foreclosure can approach quickly.  Your mortgage company will call and harass you beginning with the first month you are late.  They will not automatically place you in a program to help avoid foreclosure or to help you bring your mortgage current.  That's where First Legal Group, P.A. steps in, in order to help you put together a game plan and provide the lender with the documentation they require, analyze your financial situation and stop a foreclosure action.  Lenders are not in business to foreclose, but they will do everything possible to obtain the money that they are owed.  That's were First Legal Group, P.A. steps in to help.

Working out a solution for both the Mortgage Company and the consumer is the first step in putting a stop to foreclosure. As mentioned above, Mortgage Companies do not want foreclosures, so in most cases they are open to work out plans. These plans are negotiable and it is to your advantage to develop a plan that works best for you before contacting the lender.  First Legal Group, P.A. has the attorneys and specialists in place in order to help you develop a plan to suit you.
 
Proven Plan for Stopping Foreclosure
  1. You must make contact with your lender.  However, most people are afraid to contact their lender.  Facing foreclosure can seem embarrassing or intimidating to the typical homeowner.  However, knowledge and communication is critical. We will help to conquer this fear and put your mind at ease.  We can stop the constant phone calls by communicating directly with your lender.  Our attorneys will work with your lender toward structuring a plan that will allow you to keep your home, while keeping the lender comfortable in knowing that they have a homeowner who wants to keep their home.
  2. The next step would be to write a letter explaining why you fell behind on your payments.  It could be something as simple as an interest rate adjustment that increased your payment, a medical issue or loss of income.  Remember, bad things happen to good people and we are here to help you explain your situation in the most professional manner possible.  The lenders refer to this as a "Hardship" letter. This letter will help set the groundwork for a solution.
  3. You must document your financial situation so that we may begin negotiating a workout plan with your lender. Painting a clear picture of your ability to repay your "new" loan is essential.  Our experts will review your financial situation with you on an individual basis.  There are no simple formulas that will determine how much you can afford. Every homeowner is different and we will go the extra mile to determine what you can and can not afford, so that you do not find yourself in the same situation again.
  4. Once we have completed the above steps, our attorneys and legal team will then negotiate a settlement or workout that is acceptable to you.  Remember, we are experts at this and over the years have developed invaluable relationships with many lenders.  Our negotiating ability is strong as a result of this knowledge and we can use this to help you out of your current situation.
  5. Most lenders have numerous options to choose from. They include loan modification, deferment, forbearance or a repayment plan.  Our experts will determine a plan tailored to meet your needs, which may be one of the aforementioned, or a combination.  In either case, your needs will be our number one priority.
 
Learn More About How We Prevent Foreclosure
 
 
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