Is your home at risk of being lost to foreclosure? At HAYNES & DE PAZ, P.A., we proudly represent borrowers whose homes are threatened by foreclosure proceedings. We understand the urgency of your matter; therefore, we offer free consultations and make ourselves available 24 hours a day, 7 days a week.
We have provided a list of frequently asked questions about foreclosure below, which we encourage you to continue reading.
You should contact our office as soon as you realize that you cannot afford to pay your mortgage or if you have missed a payment. Ignoring the problem is a mistake; you may have options that are better alternatives over losing your home to foreclosure.
If you want to work with your lender to keep your home, your options may include any of the following: reinstatement, forbearance, a repayment plan, or a loan modification.
If you and your lender agree that you cannot keep your home, you still have options that may allow you to avoid foreclosure, including: a deed-in-lieu of foreclosure, a pre-foreclosure sale, an assumption, or refinancing.
In Florida, deficiency judgments are allowed when the homeowner is personally served in the lawsuit; however, the courts have flexibility regarding the amount of deficiency, regardless of the type of mortgage.
Once the foreclosure is over, you cannot get your home back. But, you have until the court clerk files the certificate of sale or until the time given on the foreclosure judgment to pay off the full amount of the unpaid loan to keep your house. This process is called "redeeming."
Yes, Florida foreclosures are judicial, this means that the lender must file a lawsuit in court to foreclose on your home.
Due to the backlog of foreclosures in Florida, the entire process can take a year or longer to complete, but you still want to explore your alternatives to foreclosure as early as possible.
If you are facing foreclosure, we urge you to contact HAYNES & DE PAZ, P.A. right away to discuss all of your options in a free consultation. Since your home is likely the largest investment of your life, you will want to be sure that whatever decision you make, is an informed and educated one.