Real Estate Attorney
Klein Law Group provides real estate and foreclosure defense services from our offices in Boca Raton, Fort Lauderdale and West Palm Beach. Our team of real estate attorneys has the experience needed to help you determine the best course of action when you are at risk of losing your home. We work in many areas of real estate law, including:
If you are facing financial difficulties and are struggling to maintain regular payments on your mortgage, our real estate attorneys can help. We provide a thorough and comprehensive evaluation of your financial history, current situation and goals. Our attorneys can then assist you in selecting the best legal option to meet your needs with the goal of avoiding foreclosure. In some cases, the best course of action may be a short sale or modifying your existing mortgage by negotiating with the mortgage lender while in others, it may be more advantageous to pursue bankruptcy. Should foreclosure proceedings be necessary, we are also here to offer a compassionate, aggressive and experienced defense.
At Klein Law Group, we take the time understand your unique situation, explain your options and help determine the best legal path for you. Our real estate attorneys have an unwavering commitment to our clients and are here to help you. We offer free financial and legal consultations and can provide you with the guidance and support that you deserve.
If you are in need of an attorney, or would like more information related to your financial and legal options as they relate to maintaining your home in the face of financial difficulties, contact us at (561) 353-2800 or fill out the contact form on this page. Our offices are located in Boca Raton, West Palm Beach and Fort Lauderdale, Florida.
Florida Real Estate Law FAQS
When you sign a mortgage, it will either have a fixed rate or an adjustable rate. Most conventional first mortgages are at a fixed rate, which means the payments borrowers make on them do not change until the mortgage is paid off. In contrast, payments on adjustable rate mortgages will change depending on changes to market interest rates.
Equity is the part of your home’s value that belongs to you, rather than your mortgage lender. The more equity you have, the more valuable your home is to you. You can increase your equity in two basic ways; by making payments on your mortgage, and by increasing the total value of your home. For example, carrying out needed repairs or adding valuable modifications to your home can help you increase your equity.
Refinancing is the process of changing your mortgage payment schedule. If you are having trouble covering your mortgage payments, refinancing your mortgage may be a viable option for you. For example, you may be able to reduce the amount of your monthly payments by extending the length of time on your mortgage or obtaining a lower rate of interest.
A mortgage loan is made up of several basic pieces. Practically all such loans are defined by the following elements:
- Property – the real estate being financed by the loan.
- Mortgage – the security interest held by the lender.
- Lender – the person or organization lending the buyer money to purchase the real estate.
- Borrower – the person borrowing the money.
- Principal – the portion of a loan payment that goes toward paying down the loan
- Interest – the price charged for the use of the lender’s money.
- Promissory note – the borrower’s personal promise to repay the loan.