The Botros Law Firm Articles X Factor Mentor Could Lose Miami Condo to Foreclosure

X Factor Mentor Could Lose Miami Condo to Foreclosure

By The Botros Law Firm  Nov. 4, 2013 2:40p

Paulina Rubio, one of the X Factor's newest mentors, is facing foreclosure actions from the homeowners association at the building where she has a condominium in Miami. The 42-year-old purchased the residence located on the 18th floor of the building and apparently has failed to pay the monthly maintenance fees associated with being an owner at the location. According to the homeowners association at the property, Rubio owes approximately $30,000 in fees, penalties and interest. The manager of the property stated that she had attempted to contact Rubio numerous times concerning the overdue fees but has had no response for a year and a half. In April, the homeowners association pursued a lien but still got no response or acknowledgement. Several months later, the association is now filing for foreclosure. It is not clear if there has been some mistake by Rubio's financial managers or representatives or if the singer simply doesn't have the funds. Make sure you are aware of your options if you wish to stop or prevent foreclosure of your home by working with a bankruptcy lawyer knowledgeable in foreclosure defense.

Facing foreclosure in Miami?

If you have fallen behind in your mortgage payments, have been threatened with foreclosure by your mortgage holder or have been notified that a foreclosure filing has been submitted then you need immediate legal assistance. There are a number of options available which can put a stop to foreclosure or prevent the process from being initiated in the first place. If you wish to keep your home then an attorney may be able to negotiate with the bank on your behalf to negotiate new mortgage terms. Another option is filing for Chapter 13 bankruptcy protection which will allow you to keep your home while getting all of your debts into a more manageable condition. Should you not wish to keep your home but don't want to unload it through foreclosure then a short sale, deed in lieu or Chapter 7 bankruptcy are possible options. Every individual's circumstances and financial goals are different so it is vital that you consult with a legal professional that can effectively advise you on what is best for you.

Foreclosure Defense Attorney Serving Clients in Miami

Don't attempt to combat foreclosure on your own! An experienced bankruptcy attorney may be able to help you find a solution that better suits your individual goals and needs. Contact a caring attorney at The Botros Law Firm now to find out more.

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