Miami Beach, Florida

As of October 1013, almost six thousand properties in Miami Beach, Florida are in some stage of foreclosure. As frightening as the number is, the number of foreclosure filing in Miami Beach is nineteen percent lower than it was the same time last year. With so many homeowners in distress, this statistic does not mean that less people are in trouble; it could mean that more people are getting help when they need it.

A foreclosure is a legal process by which a homeowner forfeits his or her rights to a property because of failure to pay the mortgage. There was a time when Florida court’s foreclosure process took almost two years before a solution could be arrived at. As the backlog piled up, significant changes where made. Once a lawsuit is served, a Miami Beach homeowner only has twenty days to file a response or else the lender obtains a default—that means the right to sell your home.

Foreclosure is a harrowing and frightening experience that no one should go through without support. If you are in some sort of distress, you need to look for a competent Miami Beach lawyer immediately to help you evaluate your current situation.

While some people in Miami Beach raise their white flags in surrender once the word “foreclosure” comes to play, it is a devastating financial challenge that can be avoided. Residents of Miami Beach will be relieved to know that there are solutions to foreclosure. Below are two of them, including their benefits and disadvantages:

• Loan modification
  Benefit: You can continue to keep your property and maintain residence in Miami Beach by restructuring the loan to make the payment terms more affordable.
  Disadvantage: You need to be in a financial position to pay back the amounts you owe the lender.


• Short sale
  Benefit: You can walk away from your debt by selling your Miami Beach home even if you owe more than the property is worth. A lawyer can also help you negotiate with the lender for the deficiency. You walk away without a foreclosure and a decent credit rating.
  Disadvantage: It is a difficult process, best accomplished with an experienced Miami Beach lawyer.

ESQ.title prides itself in a history of positive results and successful outcomes for residents of the Miami Beach, Broward, and Palm Beach communities who are facing foreclosure. Our team of respected lawyers is highly experienced in the fields of real estate law and litigation, assuring the client that only the best possible options are raised and explored throughout the course of mortgage foreclosure cases.

Our law firm evaluates each situation carefully. Our service extends to foreclosure alternatives such as loan modification, short sale negotiation, and other arrangements than can help you keep your home. You should know that home retention is an option you can consider. And at the same time, you can count on our foreclosure team to give you an honest assessment if retention is no longer possible.

Explore your options. Contact us today for a free consultation.