Lewis & Thomas, LLP, has an extensive real estate practice which includes representation of buyers, sellers, borrowers, lenders and professionals in virtually every type of transaction involving commercial and residential real estate. Our services include negotiation and preparation of purchase and sale contracts; lease agreements; commercial and residential closings; land use and zoning; and real estate development. The firm’s attorneys possess expertise in contract negotiations, title examinations, title insurance matters and lender practices and regulations. The firm has in-house state of the art computerized title search capability allowing for quick, efficient and cost effective real estate closings.
Our attorneys also have expertise in the counseling of lenders in mortgage transactions, loan and mortgage restructuring, enforcement and mortgage fraud. These areas range from document preparation, lease review, expertise in RESPA, Regulation Z and other regulatory issues, loan default workouts, bankruptcies and foreclosure issues.
If necessary, the firm can bring in expertise from other areas of its practice, such as probate, taxation and debtor/creditor workouts, to achieve the goals of its real estate clients.
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The lender also has the right to charge the debtor for his/her attorney’s fees as long as these fees are not higher than 3% of the mortgage’s actual worth. If the Florida attorney’s fees are unreasonable, a separate trial will be held again, for this settlement purpose. Just like the foreclosure hearings, this will be settled without a jury.
What are the consequences of foreclosure?
Aside from the social embarrassment of being removed from your home, a foreclosure also damages your credit history. If you want to save face, and save your credit score, you shouldn’t try to dodge your lender’s missed payment notices. Lenders only file foreclosure statements when they feel the need to be protected by the court.
As soon as you miss out on a month’s payment, you should contact your lender right away. Refinancing and loan modifications before foreclosure charges are by far less painful compared to actual foreclosure proceedings.