For many, purchasing a Home is a great accomplishment. You found a place that you can reside in for years and ultimately sell it for a profit. However, there are circumstances such as a decrease in income that can affect your ability to pay your Mortgage. As a result, you can can be served with a Foreclosure Complaint. While this can be devastating, it is not the end of the world. If you need to stop a Foreclosure In Florida, contact the Law Office of Brian P. Kowal, PA at (954) 990-7552.
How to Stop a Foreclosure in Florida
When a Homeowner doesn’t pay their mortgage, they receive a Default Notice. This gives them 30 days to pay the past due amount. If they pay, regularly scheduled payments will continue. However, if they fail to do so, the Banks will file a Foreclosure against them. The Homeowner then has 20 days to file a response.
A response is a pivotal point in a Foreclosure case because it affects the next phase. When our office files an Answer, we provide the Court all defenses that can benefit the client. At the same time, a Homeowner in Foreclosure should make every effort to apply for a Loan Modification or sell their property. If a Loan Modification is approved and/or the property is sold, the Foreclosure will stop.
Without proper Legal Representation, Foreclosures can go quickly. An Attorney will defend against the Bank’s case that will allow you to pursue loss mitigations options. With the Florida Supreme Court of Florida accelerating the timelines for all cases, a Homeowner has very little time to save their property. The longer they wait, there is a greater likelihood that the Bank or a Third Party can take ownership.
Do not let the Foreclosure process take ownership of you. Take action before the home that you worked to purchase is no longer in your possession. To learn about how to Stop a Foreclosure in Florida, contact the Law Offices of Brian P. Kowal, PA at (954) 990-7552.