
March 31, 2010 - Broward County, Florida - Struggling homeowners in Florida's Broward County will get an opportunity for help from a locally based foreclosure prevention program.
According to CBS4, the bank foreclosure prevention program focuses on allowing the lender and borrower to talk in a neutral setting in order to negotiate a plan that works best for everyone involved.
This ideally will reduce or prevent the instance of wrongful foreclosure that is tied to lenders and banks back-tracking on promises to homeowners or simply ignoring homeowners' requests to modify loans.
Program officials say that once a home is listed in foreclosure, a case manager from American Arbitration Association will contact the homeowner and offer credit counseling. Then, the lender and the homeowner can decide to meet to discuss a deal. The result could be reducing the interest rate, reducing principal, or allowing foreclosure. At least, in this situation, both parties will have a say in the decision.
The process is expected take up to 4 months for homeowners, and could cost about $750, to be paid by the lender.
If you haven't been given a fair shake by your home lender or bank, and you are now facing a wrongful foreclosure, you will need all the help you can get in the fight to save your property. The Massachusetts wrongful foreclosure attorneys at Phillips & Garcia will fight for your rights in your foreclosure case. We are committed to protecting your best interests and your family's home and helping you collect the damages you need and deserve to move on with your life. Contact Phillips & Garcia today to schedule your FREE legal consultation - (877) 892-5620.
Legal Help for Wrongful Foreclosure and Seizure in Any State. Phillips & Garcia, P.C., a leading law firm in wrongful foreclosure and seizure cases, is now taking cases in any state where there has been a wrongful foreclosure, lock-out and trash-out of a borrower's home. We are licensed in Massachusetts and associate with a qualified attorney in your state.
Let our legal experts review your case, and we'll help you obtain the compensation you deserve. Begin your case review by filling out the form below:
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