At Nickolas C. Ekonomides, P.A., you will find sophisticated representation in business law, partnership, and corporate law (formation, structuring, shareholder agreements), commercial litigation (breach of contract, employee claims, construction litigation, lease litigation, real estate litigation, foreclosure defense), and real estate transactions (commercial real estate, residential real estate, mortgage transactions, lease negotiation and drafting).
The offices of Nickolas C. Ekonomides will answer your questions about your business transition including wills and trusts and assist you in handling insurance claims if your property has suffered damage or you have suffered injury.
The current mortgage foreclosure crisis has negatively affected many individual homeowners and the economy at large. At this time, i) homeowners are eating away their savings or using important resources to pay high monthly mortgage payments, ii) on home that is upside down 25% or more, while iii) paying rent for alternate living arrangements is often less than PITI on their current mortgage loan.
But you can’t just walk away. In Florida, ceasing making payments will lead to a foreclosure lawsuit filed against you. In walking away homeowners must come to terms and accept that: i) their credit will be negatively affected by the foreclosure filing, ii) they will have a court filing against them they will need to defend, and iii) they may end up with a Deficiency Judgment against them.
If you can’t afford to make your monthly mortgage payments, you should not walk away. You should get a foreclosure defense attorney. Sloppy lending practices and exotic loans given while ignoring proper underwriting standards leave lenders with just as much responsibility for your mortgage foreclosure as you. Your lender should be forced to correct their mistakes. Make sure you get a foreclosure attorney to pursue your rights and tell the lender they are just as responsible.
The following may sound familiar. If they apply to you, you may have a valid foreclosure defense:
- Inflated appraisal
- Exotic loan with deferred interest payment option
- Huge up front fees
- Repeated notices of transfer of your loan
- Force placed insurance when you had a valid policy in place
- Mortgage payments applied to huge late fees
- Repeated HAMP loan modification applications with no resolution
According to Florida law, the foreclosure action of a mortgage lender must be brought by the owner of the promissory note. In addition, foreclosure requires someone with knowledge of your loan to provide evidence of the loan amount in default. With the volume of transactions so high in recent years, proper record keeping and appropriate personnel are largely unavailable to handle the huge volume of foreclosures. We have seen the truth revealed about affidavits filed by mortgage lenders with the courts signed by individuals who have not reviewed the loan account sufficiently, if at all. To find out if you have a foreclosure defense, contact me for a free, no obligation case review.
Areas of Law
Clearwater Tampa Florida Attorney Nickolas Ekonomides focuses his representation on businesses large and small helping them navigate the court system and complex commercial transactions. Corporate law representation includes business structuring, lease negotiation, real estate purchase contracts, financing negotiations and forbearance agreements and employee matters.
- Business Formations
- Business Contracts
- Civil Lawsuits
- Business Litigation
- Real Estate Law
- Foreclosure Defense
Contact Florida Attorney Nick Ekonomides
The early stage of any legal matter is critical. If you would like to speak with Clearwater – Tampa Florida Attorney Nickolas Ekonomides about a legal matter, contact the law offices of Nickolas C. Ekonomides, P.A., today for a realistic evaluation of your situation. Call or click here to contact him personlly.
Nickolas C. Ekonomides, P.A.
Tampa Business Lawyer | Real Estate Attorney Tampa
791 Bayway Blvd | Clearwater | Florida 33767