If you are facing foreclosure, a lawyer is now even more important

The mandatory managed mediation program in Florida for residential foreclosure cases has been canceled by the Supreme Court of Florida effective December 19, 2011. What does this mean to you, the homeowner that is upside down in their home, who is late making their mortgage payments, or otherwise facing financial trouble? Under the managed mediation program, the lender was required by the courts to provide an opportunity for the homeowner, provided it was their primary residence, to offer the homeowner a chance to resolve the foreclosure matter by some means other than to lose their home to foreclosure. The options that were generally explored were a loan modification, temporary forbearance, short-sale, or deed in lieu of foreclosure. Another benefit of the managed mediation program was that it provided to every residential homeowner who lived in their home and  that was behind in their mortgage payments a delay in the foreclosure process to allow the lender and homeowner time to have their managed mediation conference.

Now, those days are gone. As a result, it is even more important that a financially troubled homeowner seek legal advice from competent counsel to guide them through the process. Alternatives to foreclosure are certainly still available to homewoners who are properly informed, advised and represented by good counsel. If you or someone you know or care about is facing a foreclosure, you would serve them well by suggesting to them that the worse thing they can do is to do nothing and that they should seek an attorney to help them.

At Wyckoff Law Firm, P.A., we are here to help you. Let us help you. Do not delay, call us today. 941-795-6565.