If you are behind on your mortgage payments, or already in foreclosure, you may still be deciding whether it makes sense to retain a Florida foreclosure defense attorney. Many people, especially those struggling financially, may be hesitant to speak to a lawyer out of fear of having to pay a big retainer fee or high hourly rates.
If you try to fight a foreclosure, it can be risky since the wrong decision could result in the loss of your home. Nevertheless, there are some steps you could take before speaking to a foreclosure lawyer. In some cases, someone facing foreclosure may not behind on mortgage payments, but the payment may be so high that the individual struggles each month to cobble enough funds together to cover the payment. In this scenario, you could contact your lender to see if you qualify to refinance your existing mortgage at a lower interest rate or even a mortgage modification. However, many mortgage companies will not consider a mortgage modification for an applicant who is current on their payments (creating a perverse incentive for people to get behind on their mortgage so they can qualify for a modification).