Fort Lauderdale Foreclosure Attorneys
Foreclosures are civil or equitable default actions brought by a lender or mortgagee to end the legal interest of a borrower or mortgagor in real estate or property and to convey title to the lender due to nonpayment or breach of a mortgage. The lender then sells the property at a public sale or auction to recover the mortgage debt and may obtain a deficiency judgment against the borrower for the unpaid balance of the mortgage.
In today's economy, there have been a staggeringly high number of foreclosures resulting from a vast number of circumstances like lenders approving loans to individuals with little to no income, decreased property value making re-financing an insurmountable task or borrowers accepting loans with teaser rates. And as sinking real estate values force more and more borrowers into foreclosure, it is important to be aware of the resources currently available for assistance when faced with such an option.
For all legal issues that may arise in connection with foreclosure procedures, contact the Fort Lauderdale foreclosure attorneys of Zebersky & Payne, LLP, for assistance. We can provide a trusted real estate lawyer to help you gain the critical insight needed for overcoming any mortgage debt, corporate or foreclosure related matters.
