Try to save your home
Over the past several years the mortgage industry did a great disservice to the public. Loans were made to people regardless of their ability to repay the loan according to its terms. "Interest only" loans and "adjustable rate mortgages ("arms") are now taking their toll and the rate of foreclosure in the nation (and especially in South Florida) is the highest it has ever been in history. Millions of people are losing their good credit, losing their homes and having their lives turned upside down. If this nightmare is happening to you, there may be something you can do to help yourself.
At the Law Offices of Larry E. Bray, P.A. we utilize a team of people to try to advise you of your options and rescue you from financial ruin. Depending on your unique set of facts, we can usually answer, defend and stop the foreclosure action dead in its tracks at least long enough to explore the possibility of a loan modification agreement. This is when we negotiate with the bank and try to convince them that it is better for them to re-negotiate the terms of the defaulted loan to make the payments lower, fix the rate, lengthen the term or adjust the loan in some other way to allow you the ability to pay it than to foreclose. This scenario is obviously best for everyone
Refinance: this is when the conditions allow for another loan which pays off the defaulted loan. But this time, we are here to help, to be certain that you don't just get into another commitment that you can't make good on.
Short Sale: this is when you want to, or have to, sell the property but it is "upside down" (this means that the debt is higher than what you can get for the property and the bank won't clear title until it is paid in full). At the Law Offices of Larry E. Bray, P.A., we can defend the foreclosure, arrange to have the property listed and once an offer is made, we submit that offer to the bank and convince them that the net proceeds of that deal is still better for the bank than taking the property to foreclosure.
Access to investors: There is a new breed of investor out there. They buy homes that are in default and subject to foreclosure. Occasionally, this process can be of assistance provided that the terms of the deal are fair to you. We review and advise on those offers.
If we are able to utilize any of the devices available to you when you face foreclosure, our team can handle everything. In addition to pure legal representation we also offer access to reputable real estate brokers, title insurance (through the Attorneys Title Insurance Fund), access to mortgage products (through Attorney Mortgage Services) and counsel through the entire process.
The Law Offices of Larry E. Bray P.A., represents clients throughout South Florida, including West Palm Beach, Palm Beach, Miami, Fort Lauderdale, Lake Worth, Boca Raton, Tampa, Sarasota, Tallahassee, Boynton Beach, Palm Beach Gardens, Wellington, Boynton Beach, Palm Beach Gardens, Wellington, the Gold Coast, the Treasure Coast, and the Tri-County Area of Miami-Dade County, Broward County, and Palm Beach County.