I am an attorney in Florida who specializes in foreclosure
rescue services, which includes foreclosure defense, loan
modification, short sale facilitation and, occasionally,
deed-in-lieu-of-foreclosure. Homeowners come to me with a wide
range of different situations, and I have been doing this long
enough now to see patterns and reoccurring misconceptions. The
purpose of this article is to give homeowners in
distress1 some straight talk with regard to available
options.
This housing crisis we are in has been going on for a while now,
and I think most people know something about foreclosure. Let me
just highlight, then, the difference between the foreclosure
proceedings and loss mitigation. The former refers to the actual
lawsuit commenced by the lender or homeowner association as
required in most states to re-capture title to the property. The
latter refers to negotiations with the lender towards some kind of
workout arrangement. These are two entirely
