According to RealtyTrac, there are an estimated 5,200 plus properties in Miami, FL alone that are in some stage of the foreclosure process, be it loan default, at auction or bank-owned.
Data from 2019 pulled from the Harvey Ruvin Clerk of the Courts for Miami-Dade County, FL revealed year to date the county has recorded 2,912 new foreclosure filings as of June 2019.
With so many individuals facing the loss of what is likely their largest asset in life, attorneys such as Patrick Cordero want those in financial distress to know that they do not need to fight this alone.
Miami foreclosure attorney Patrick Cordero and his team of talented legal professionals understand that facing or dealing with an imminent foreclosure is one of the most trying experiences an individual or family can go through.
Fortunately, The Law Offices of Patrick L. Cordero is there to help, aiding those in the greater Miami-Dade community by providing them with expert advice, counsel and legal strategies that can assist with foreclosure defense.
Foreclosure Defense in Florida
Those facing foreclosure have a number of legal options that may provide the means for a foreclosure defense strategy. Cordero stresses the importance of hiring a local law firm that has a deep understanding of local foreclosure practices and has a successful track record of helping their clients.
As a leading Miami foreclosure attorney, Cordero works hard to find solutions that will help his clients feel more financially secure and with the relief that they won’t have to worry about losing the literal roof over their heads.
Foreclosure Alternatives:
- Selling and downsizing to a new residence
- Exploring short sales
- Filing for Chapter 7 bankruptcy
- Utilizing a Chapter 13 payment plan to roll mortgage payments into
- Loan or mortgage modification
- Negotiation for a loan
- Strategic mortgage default
Fair Lending Act
Homeowners have certain rights as it relates to the foreclosure process. The lender is required to follow certain procedures and to not violate those rights. Cordero suggests that having a qualified foreclosure attorney review how the foreclosure is being treated and processed is a good step in making sure your rights are not being violated under the Fair Lending Act.
Avoid Foreclosure by Taking Action
Experienced foreclosure attorneys such as Patrick Cordero may be able to help those facing foreclosure stop it in its tracks, or provide effective alternative solutions to help their clients become more financially stable. They can help negotiate more favorable mortgage repayment terms, interest rate adjustments, and more.
Those facing foreclosure or at risk of losing their home are encouraged by Miami foreclosure attorney Patrick Cordero to reach out to his law firm today for a free, no-obligation consultation by calling his offices at 305-445-4855 or by reaching out through their official website below.
Media Contact
Company Name: The Law Offices of Patrick L. Cordero, PA
Contact Person: Tomas Gallo
Email: Send Email
Phone: (305) 445-4855
Address:7333 Coral Way
City: Miami
State: Florida
Country: United States
Website: www.attorneycordero.com/