If you are concerned about losing your home to foreclosure, you may be too distraught to realize there may be ways to prevent or at least delay the foreclosure. But, you need to act fast. The longer you wait to get legal assistance, the more difficult or impossible it becomes to save your home.
You need to seek assistance, if possible, prior to being served with a complaint for foreclosure. Under Florida law, you must file a response to the complaint within 20 days of the date the notice was served. If you fail to respond in the time required, you may lose defenses that were available to you.
Denoncourt & Warenyk, P.A., Tampa foreclosure lawyers serving all of Florida, are experienced in federal and Florida state foreclosure laws. They can assist with preparing defenses, negotiating with your lender or, at a minimum, delaying the process in order to give you time to make alternate living arrangements.
Each foreclosure case is unique. There may be defenses to the foreclosure proceeding itself. We offer a free consultation to discuss your rights, defenses and possible solutions. Some possibilities include, but are not limited to:
- Loan modification: There are federal loan modification programs available. In addition, we are experienced in negotiations and may be able to effectuate relief by this process.
- Short sale of your home: This means your lender agrees to allow you to sell your home for less than you owe and not hold you accountable for the deficiency.
- Deed-in-lieu of foreclosure: If there is no way to save your home, or you decide you would rather not spend the money to save it, some lenders will accept a deed-in-lieu of foreclosure. This means you voluntarily turn over to your lender the deed and the keys to your home. We can negotiate so that you will not owe a deficiency.
- Bankruptcy: Filing for bankruptcy does not save your home, but it stops the collection process and gives you more time to work on a resolution.