With so many people unable to work during the COVID-19 (coronavirus) shutdown, it should be no surprise that many people are concerned about how they are going to pay their mortgages. Even if you cannot keep up due to a loss of income, you do not need to live in constant fear of losing your home to foreclosure.
As of March 24, 2020, the following have occurred:
The Department of Housing and Urban Development (HUD) suspended all foreclosures and evictions through April
The Federal Housing Finance Agency guided Freddie Mac and Fannie Mae to suspend foreclosures for at least 60 days
Seminole County and Brevard County paused all judicial foreclosure and eviction proceedings at least until April 15
Governor Ron DeSantis is considering a possible statewide moratorium on foreclosures and evictions, though none is in place yet
In the absence of moratoriums by the state or federal government that apply to your mortgage, you still have options. Many mortgage companies are offering forbearance periods and other solutions to help homeowners. If your mortgage company refuses to work with you, you should not wait to contact a foreclosure defense attorney.
The right lawyer can help to negotiate with your mortgage company to find solutions to help prevent foreclosure. If you have an active foreclosure case, it might be halted in the courts, but you still want the right lawyer trying to reach a settlement negotiation while we have this pause.
Contact a Foreclosure Defense Lawyer in Boca Raton for Help
At the Law Office of Eleni Noble Zarbalas, P.A., we know that things like mortgage payments can be stressful right now. Our Boca Raton foreclosure defense attorney is ready to help, and you should not hesitate to contact us online or call 561.981.2685 to discuss your situation today.