In Florida, mortgage foreclosures are carried out through the legal process in the Circuit Court of the county where the property is located. With some notable exceptions specific to the foreclosure process, the lawsuit is filed and litigated much like any other lawsuit.
The 2008 banking crisis hit the Florida real estate market particularly hard. Many tens of thousands of Florida homeowners found themselves in financial situations that they never imagined with their homes (and the accompanying debt) right at the center of the problem. Fortunately, several new laws were enacted in an effort to try and keep more people in their homes and provide them with more transparency regarding options which they may have when they begin falling behind on payments.
There are a wide variety of tactics and techniques available to a person looking to challenge a mortgage foreclosure each with varying benefits and potential drawbacks. Any time I discuss the issue of mortgage foreclosure defense with a client the conversation revolves heavily around the goals of the client regarding whether they wish to try and save the home from the foreclosure in the long run.
As a matter of reality if you are not paying your mortgage there is almost a 100% chance that your home will eventually be successfully foreclosed on and you will be forced to leave. The only variable in this situation is how long that process will take. For many people, they are simply looking to buy time in order to get their finances sorted out and create a plan for their future. This is where I can help. I will work together with you to determine your needs and goals and we can discuss how to best approach your situation. If you do nothing, you can expect for the foreclosure process to be complete in as little as six months.
Call me today to discuss your options regarding your mortgage foreclosure case.
The Law Office of Alex McClure provides services in Lake Mary, Sanford, Longwood, Deltona, Deland and all of Seminole, Volusia, Orange, Brevard and Lake Counties.