
Foreclosure Attorneys in South Florida
Helping Clients with Loss Mitigation from Offices in Pompano Beach & Miami
The Law Offices of Bilu Law can help homeowners who can answer "yes" to one or more of the following questions:
- Do you have an adjustable-rate mortgage?
- Are you currently behind one or more house payments?
- Is your mortgage a pick-a-pay or negative amortization loan?
- Is your loan an adjustable rate that is about to re-set or re-cast?
- Do you owe more than your home is worth?
- Do you want to stay in your home?
- If you do not want to stay in your home, are you interested in a short sale or deed-in-lieu of foreclosure?
- Do you want to legally protect yourself against foreclosure?
If you are faced with losing your home due to foreclosure by the bank or mortgage company, call the foreclosure attorneys in Pompano Beach at Bilu Law. If you own a home in South Florida (Including Broward, Pompano Beach or Dade County), and you're stressed, feeling hopeless or confused about what to do when threatened with foreclosure, call us.
Bilu Law’s lawyers are experienced in real estate and property matters. They know what needs to be done to help their clients stay in their homes. Our foreclosure filings attorneys in South Florida are well versed in loss mitigation and loan modification.
If you need help, contact us online or call (954) 239-7386 to arrange a free consultation where we can provide options to help you move forward through your situation.
What Is Loss Mitigation?
Loss mitigation is a negotiated agreement between the homeowner and the lender that will stop foreclosure proceedings permanently, allowing the homeowner to stay in their home while preserving their credit history.
After your initial consultation, we will determine the necessary steps to save your home and protect your credit. We can explore various options to save you from foreclosure or get you out of foreclosure if a complaint has been filed. The techniques that we implement vary in each individual circumstance.
If our client wants to keep their property, we will explore plans including but not limited to:
- Loan Modification
- Repayment Plans
- Stipulation Agreements
- Refinancing
- Claim Advances
- Mortgage Short Sales
- Deed-in-Lieu of Foreclosure
- Special Forbearance/Forbearance Agreements
Your foreclosure filings attorney in South Florida from Bilu Law can help you with any of the above means to mitigate your financial loss if you’re unable to pay your mortgage. Unsure what these topics mean or what’s involved with them? Review these brief explanations below to familiarize yourself with them.
Contact Bilu Law online or call (954) 239-7386 and tell us you want to set up your free consultation to learn about how our foreclosure filings attorneys in South Florida can assist you.
What Is Refinancing?
The process of paying off your mortgage with the proceeds from a new loan using the same property as security.
Claim Advance: FHA Loans or Conventional Loans with Private Mortgage Insurance
These plans allow for arrears to be cured by advances made by the insurer of your loan. The funds are used to bring your account current and you are obligated to repay the funds advanced. You may be required to sign a promissory note to repay the insurer through monthly installments or in one lump sum at a pre-determined time. On FHA loans, this option would require an additional lien to be placed on the property.
Mortgage Short Sale
If your property value is not sufficient to pay the loan in full, the lender may be able to accept less than the full amount owed. Sale proceeds are accepted as settlement for the debt. You may or may not be required to sign a promissory note for the difference or a portion of the difference.
Deed-in-Lieu of Foreclosure
This option allows you upon approval to deed your property to your lender, the investor, or insurer as settlement in lieu of foreclosure. Property must be free of all other liens.
Loan Modification
A program in which a portion of the arrears (outstanding debt) may be added to your remaining principal balance to bring the account current. It may also be possible to adjust the term of your loan and/or reduce your interest rate.
Special Forbearance/Forbearance Agreement
A formal, written agreement between you and your lender to reduce or suspend monthly payments for a pre-determined period of time. This will give you the opportunity to recover from your hardship.

Repayment Plan
A formal, written agreement between you and your lender in which Lender accepts your regular mortgage payment and a portion of your arrears for a pre-determined period of time. These plans are designed to bring the account current over a period of time and avoid the initiation of foreclosure.
Stipulation Agreement
A formal, written repayment agreement between you and your lender to bring the account current after a foreclosure action has begun. The plan suspends the foreclosure action and is designed to bring the account current. The plan payments consist of your regular mortgage payment plus a portion of the arrears each month for a pre-determined period of time. These plans are designed to bring your account current over time. The foreclosure action would be canceled if the plan were successfully completed.

Do you Need Legal Assistance?
If you are facing a foreclosure situation or desire a loan modification or other loss mitigation assistance, reach out to Bilu Law for legal assistance. We offer free consultations for prospective clients so you can become familiar with the ways in which we may be able to help you resolve your situation. We’ll work beside you every step of the way toward the best possible outcome.

Clients Share Their Experience
-
“"My wife and I recently hired Ron Bilu to help us file a bankruptcy. From beginning to end the process of working with Ron was fantastic. Ron explained everything in detail to us, kept us up to date ...”
- John -
“"My experience was very successful and without any hesitation, I will use his service again or recommend him to anyone. He was very professional and treated me with the utmost respect. I sought his ...”
- Carola -
“"Ron Bilu helped our family through a very challenging time, dealing with the loss of our home to foreclosure. Ron and his staff (Especially Cindy!!) were fantastic, kept us constantly up to date on ...”
- Paul -
“"Ron Bilu is an attorney of the highest caliber and has assisted me and my clients multiple times in all aspects of law including real estate, immigration, and criminal law. I would recommend him to ...”
- David -
“"On two separate incidences (i.e., 5 years apart), I contacted and hired Ron Bilu regarding landlord/tenant conflict. The former issue expanded with Condo Management as a third-party; the latter court ...”
- Jewel