Before a bank can foreclose in the State of Florida, they are required to send to the homeowner a Notice of Default or Foreclosure Letter.  This is also known as an acceleration letter.  This letter informs the homeowner that they have failed to pay the mortgage and that they have a certain amount of time to bring the mortgage current.   This doesn’t mean you are going to lose your home in thirty days.   It also doesn’t mean that the Bank is going to start foreclosing proceedings after the thirty day period expires.

If you are unable to bring the mortgage current, it’s important that you speak with an attorney to determine if you should try and attempt a loan modification.    If you own a home in the State of Florida and have received a Notice of Default or Foreclosure Letter from the Bank, contact the Law Offices of Brian P. Kowal, PA today at (954) 990-7552.