An experienced foreclosure attorney knows that Orlando homeowners in foreclosure face a deficiency judgment that can plague their finances for up to twenty years. Many homeowners who face foreclosure don’t yet feel ready to consult with a foreclosure lawyer. These homeowners may suffer unnecessarily from the “underwater home” crisis that is a plague to the Orlando community.
Hiring an Orlando mortgage foreclosure defense attorney may be the smartest decision some Orlando homeowners make this year. Last week, the Orlando Sentinel reported that mortgage foreclosure filings increased in September by a whopping 42%, after banks flooded the courts with an additional 3,209 mortgage foreclosure lawsuits. The only good news to this statistic is that the number of filings is down from September 2010. That was when the number of foreclosure lawsuits in Orlando peaked just before mortgage defense attorneys exposed banks in the “robo-signing” scandal that forced many lenders to suspend their efforts on seizing homes. Now, the foreclosure mills are back with a fury. In addition to the increased number of Orlando mortgage foreclosure filings, a similar increase in number of initial default notices sent to Orlando homeowners suggests that this is the begnning of a new wave of mortgage foreclosure in Orlando.
Have you noticed that mortgage foreclosure in Orlando is still occurring at record levels? Isn’t it time that someone do something about all the underwater homes in our community? Well you can – Sign the petition to support an intelligent solution! The National Association of Consumer Bankruptcy Attorneys is advocating for a solution to the mortgage foreclosure crisis. May be your mortgage isn’t in trouble, but your neighbor’s might be. Help your neighborhood and sign the petition today!
Orlando home foreclosures and Orlando bankruptcies have been the subject of a lot of news. As with many topics of widespread interest, misinformation and myths have sprouted regarding what a bankruptcy can do for homeowners going through a mortgage foreclosure. Today, a very distressed couple consulted with me regarding their foreclosure. Their home was scheduled for a foreclosure sale in Lake county for the following day. They believed that filing for bankruptcy would help them save their home from foreclosure, even though they could not afford to make a monthly mortgage payment.