Foreclosure Laws in Miami

While the foreclosure crisis first hit the subprime mortgage market, it is now affecting prime mortgages.  As unemployment rates rise due to the global recession, many homeowners are finding it difficult to make their mortgage payments on time.  With so much public interest and concern over the mortgage crisis, foreclosure laws in Fort Lauderdale and across the nation are rapidly changing as federal and state governments try to contain the situation.

Rapidly changing foreclosure laws

At the federal level, the Economic Stimulus Program of 2009 introduced many programs designed to offer financial resources to help qualified homeowners refinance their mortgages.  These programs also encourage lenders to allow those borrowers to negotiate with them and refinance their loans to prevent foreclosure.  The new federal programs and laws typically seek to cap mortgage payments for borrowers at 31 percent of their gross monthly income. 

State laws are also offering remedies, such as extending the timetable for the foreclosure process to give homeowners more time to find alternative financing sources.  Many laws are also making changes to the tax code to give homeowners relief from foreclosure losses, such as tax liabilities on unpaid mortgage balances.

Foreclosure law in Miami and the surrounding areas is rapidly changing. Do not go it alone! Daniel M. Keil, Esq. is a real estate attorney who is extremely knowledgeable about foreclosure law in Fort Lauderdale and other areas of Southern Florida. As an experienced loan negotiator, he can work with lenders to find more affordable payment terms that help keep you current on your payments so you can stay in your home.

We can help you with foreclosure law in Miami Lakes

Homeowners also need to be aware of scams.  If any party promises financial help that will stop your foreclosure immediately, do not sign any documents before consulting a real estate attorney like Daniel M. Keil, Esq.  Depending on what is in the fine print, you might be unwittingly signing over the title to your home.

Mr. Keil takes time to get to know you, your personal goals and business concerns. Located in Miami Lakes, minutes from downtown Miami, the Law Offices of Daniel M. Keil has a bilingual staff with native Spanish speakers ready to assist you with all your legal needs.  If you are looking for at attorney knowledgeable about foreclosure laws in Miami Lakes, please contact the Law Offices of Daniel M. Keil today.