Know more about Foreclosures from Tim McCabe
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Transcript of Know more about Foreclosures from Tim McCabe
Know more about Foreclosures from
Tim McCabe
© McCabe & Samiljan, LLC: www.thepropertydefender.com
© McCabe & Samiljan, LLC: www.thepropertydefender.com
According to Wikipedia, “Foreclosure defense is a term used to describe a set of
legal tactics and strategies used by consumer lawyers and advocates to fight and
defend lender foreclosure actions.” It is important to know that attorneys are aware
of quite a lot of strategies to save our homes from foreclosure. Their work
experience can give us the right path to face difficult financial situations.
© McCabe & Samiljan, LLC: www.thepropertydefender.com
Florida homeowners can find a sign of relief as they have ‘Law Office of Timothy
McCabe’ at their door step to help them out with foreclosures. Tim McCabe, attorney
and owner of ‘Law Office of Timothy McCabe’, explains the foreclosure procedure in a
very brief statement. He says, “The state of Florida has a judicial foreclosure process.
This means that mortgage companies must file a lawsuit in order to redeem their
collateral (your house). In the end, your home may be sold at a public auction to the
highest bidder. If no one bids on the house, the bank will take possession. In either
case, you will be evicted from your home and forced to live somewhere else.”
“The lender can obtain a judgment against you to recover the deficiency. He has to
file a separate motion/lawsuit for a deficiency once the foreclosure sale is complete.
The court then holds a hearing to decide if a deficiency judgment can be allowed
against you. At the hearing, the lender has to prove that the property value is indeed
less than what you owe.
© McCabe & Samiljan, LLC: www.thepropertydefender.com
As a borrower, you have the right to oppose your lender's claim for judgment. You will
have to prove that the property is worth more than the outstanding mortgage balance
at the time of foreclosure. You can use an appraisal or the tax assessed value of the
property to support your claim”, he adds.
We at ‘Law Office of Timothy McCabe’ understand how to help when you are the victim
of foreclosure and provide the legal counsel to find a customized solution that’s right
for you. No matter how long it takes, we offer a flat fee so you don’t have to fear any
additional costs.
© McCabe & Samiljan, LLC: www.thepropertydefender.com
About Law Office of Timothy McCabeLaw Office of Timothy McCabe, Florida's foreclosure specialists, offers flat fee
foreclosure defense rates. It is dedicated in protecting the Rights of Florida
residents throughout Miami Dade, Palm Beach & Martin Counties. Contact
(888) 679-3435 for free consultation.
Website: http://www.thepropertydefender.com/
Email: [email protected]
Phone: (888) 679-3435