Greenspoon Marder, P.A. Implements Homesaver Program to Avoid Foreclosures

News May 8, 2008

FORT LAUDERDALE, FL (5/8/2008) – In response to rapidly rising foreclosure rates throughout the nation, the law firm of Greenspoon Marder, P.A. has launched a new program called “Homesaver,” which is anticipated to help reduce the number of foreclosures.

“This kind of loss mitigation program focuses on early intervention and opens up a channel of communication between the homeowner, on the brink of foreclosure, and the lender, providing the homeowner with options to save their home,” said Daniel Heredia, a loss mitigation specialist with the firm. “More than 60 percent of homeowners facing foreclosure aren’t aware of all the options available to avoid foreclosure due to minimal communication with the servicer.”

The firm’s Homesaver program is meant to bring the homeowner up-to-date on their loan through a one-time payment or a low-interest payment plan paid over a period as long as 12 months. Also, the program cuts the time usually required to negotiate these kinds of deals with lenders, which is a significant improvement considering that it has been known to take several weeks.

“Everyone suffers when a foreclosure occurs. Therefore our main goal is avert foreclosure, which in turn helps the borrower, banks, our local communities and the economy. This program equates to people – real families – keeping their homes,” said Heredia.

Part of a greater industry-wide trend, the Homesaver program is responding directly to the crisis facing Americans while providing education to prevent a repeat of these issues in the future. For more information on this program, contact Daniel Heredia at Greenspoon Marder at (954)491-1120.

About Greenspoon Marder

Greenspoon Marder LLP is a full-service law firm with over 225 attorneys and more than 20 office locations across the United States. With operations from Miami to New York and from Denver to Los Angeles, our firm attracts some of the nation’s top talent in key markets and innovation hubs. Our core practice areas include Real Estate, Litigation, and Transactional Services, complemented by the capabilities of a full-service firm. Greenspoon Marder has maintained a spot on The American Lawyer’s Am Law 200 as one of the top law firms in the U.S. since 2015, and our goal is to provide exceptional client service by developing a thorough understanding of each client’s business needs and objectives in order to provide strategic, cost-effective solutions.

MEDIA CONTACT

Natalie Villanueva, Director of Marketing
954.333.4308 | [email protected]

This Greenspoon Marder LLP Client Alert is issued for informational purposes only and is not intended to be construed or used as general legal advice nor a solicitation of any type. Please contact the author(s) or your Greenspoon Marder LLP contact if you have any questions regarding the currency of this information. The hiring of a lawyer is an important decision. Before you decide, ask for written information about the lawyer’s legal qualifications and experience.

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Greenspoon Marder, P.A. Implements Homesaver Program to Avoid Foreclosures

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