Mortgages are held by banks, institutional lenders, and individuals. If the borrower has failed to make payment when due, a lender is permitted to file a foreclosure lawsuit which will result in the property being sold at public auction. Borrowers can keep the property if they can come up with sufficient funds to reinstate the mortgage by paying all past due amount and penalties. Borrowers may wish to reinstate the mortgage, refinance the property or sell the property to avoid being foreclosed upon. Under any scenario, the mortgage holder is entitled to be paid in full all costs, including attorney’s fees, interest and late fees.

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David Silverstone, P.A.
800 SE Third Ave
Suite 300
Fort Lauderdale, FL 33316
Ph: 954.367.0770
Fax: 954.462.0128
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