The recent housing bubble, unsound lending practices, and some chicanery and regulatory non-compliance have in recent years combined to make foreclosures a much larger part of the real estate scene. In fact, Florida is among the nation’s top five states in foreclosure filings.
Foreclosure occurs after a lender takes legal action — in Florida, that requires the lender to go to court — when a homeowner falls behind on mortgage payments. If you have received notice that a foreclosure complaint has been filed in court against you, you have only 20 days to respond. Failing to respond allows the lender to ask the court for a default judgment, which can lead to your home being taken from you and sold at auction.
No one should face this difficult and emotional situation without the skilled advice and help of an experienced central Florida foreclosure attorney, who can help you assess your options in this complex field.
With an underwater mortgage, you may be thinking of just handing back the keys; an experienced attorney from the King Firm PA can help you explore the pros and cons of such steps as a short sale, loan default or deed in lieu of foreclosure. A King Firm expert can also help you identify potential defenses or counterclaims to the foreclosure case, or help you negotiate an acceptable settlement or mortgage modification.
Don’t delay: call the King Firm PA to consult with a skilled, knowledgeable central Florida foreclosure lawyer who can help you identify your options and protect your interests.