Miami, FL, September 26, 2012 --(PR.com
)-- Marc Benezra discusses various steps involved in legal property foreclosure with the prime motive of creating a complete understanding among people on foreclosure. This leading real estate firm successfully represents their clients in various types of financial issues.
According to Benezra, the process begins with a notice from the court regarding the nonpayment of loan amount. This first step, completed by the lender, warns the debtor of the upcoming foreclosure.
The leading Miami lawyer comments, "All individuals have the right to represent themselves in the court. When the letter is received, it is the debtor's responsibility to contact the right lawyer who can do an effective job of representing in the court. For individuals who find themselves trapped in these unfortunate situations, Marc Benezra PA can offer quick assistance with our vast experience in handling legal foreclosure issues. We have come across many cases which become a lost cause within the legal system, mainly due to poor selection of Lawyer."
He added that after the initial letter, the lender sends a Lis Pendens notice which diminishes the rights of the owner to the property. "The lawyer should send a response to the notice within 20 days. This crucial action plays a key role in the progression of the case."
If the notice is unanswered, the default judgment of foreclosure will fall against the property owner. Following this judgment, a hearing occurs in which the owner and lawyer represent the case to the court. If the reasons are not a valid, the property will proceed to be auctioned. On the date that the judge has specified, the property will come under public auction at the country courthouse. The amount that the property is auctioned for will be used to settle the loan. "Generally, foreclosed property auction will unload many financial burdens on the debtors. Choosing a reputable, experienced attorney will reduce this burden. With the many practiced lawyers in our firm, we make it possible for clients to benefit from foreclosure procedures," he conluded.
About the Benezera Katz PA,
Benezera Katz PA is a leading Miami Based law firm, founded by Marc Benezra who is a reputable, prestigious real estate lawyer rendering effective solutions to clients in various legal financial situations. To know more about Benezera Katz PA visit http://www.marcbenezra.net/