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Foreclosure and the Benefits of a Mortgage Mediator: An Interview with Mark S. Mucci of Benson Mucci & Weiss P.L. Attorneys at Law

Tell us a little bit about your company and the services you offer.

Our firm's primary concentration is in three areas: real estate, construction and corporate law. We also provide legal services in estate planning and probate.

What are some of the biggest challenges you've seen Florida homeowners face when it comes to a foreclosure defense?

One of the biggest challenges facing homeowners is obtaining accurate information for solutions to their issues. Too often homeowners hear or read statements that are inaccurate causing more problems than solutions.

Can you briefly explain what residential mortgage foreclosure mediation is?

Residential mortgage foreclosure is an alternative dispute resolution method whereby the parties attempt to resolve the foreclosure through the use of an impartial third party. The process is designed to resolve the dispute prior to the entry of a foreclosure judgment.

When can or should a homeowner consider consulting or working with a certified residential mortgage mediator?

Homeowners do not consult with mediators. Mediators are provided by the court or agreed upon by the parties. Homeowners should consider working with an experienced real estate attorney once they are in default of their loan.

What are some of the key options that homeowners have during the meditation process?

Typically if a homeowner wants to stay in their property they can negotiate a refinance or modification through one of the governmental programs. If the desire is to move forward they can negotiate a short sale or deed title to the property to the bank via a Deed-in-Lieu of Foreclosure.

Do you have any advice for people in Florida to help avoid a possible foreclosure?

Seek help from a qualified real estate attorney as soon as possible. Don't delay. The problem doesn't solve itself.

To contact and/or find out more about this company, please visit their services directory profile.

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