How to Protect Your Florida Home Against Foreclosure

The housing market has been a wild ride in recent years, and foreclosure rates across the U.S. are surging. Data from the information provider ATTOM shows that in recent years the rate of foreclosures has significantly spiked. Florida is not immune to this by any means. Currently, there is approximately one foreclosure for every 428 homes in Florida. The housing market shows little sign of improvement, and considering how important your life and home are to you and your family, it is imperative to be well informed and know what steps to take if YOU find yourself at risk of losing your home to a foreclosure.

The reins are not out of your hands. The purpose of this article is to give readers an understanding of essential steps they can take to help them through navigating a foreclosure process, or the threat of falling into foreclosure proceedings.

• Do Not Procrastinate

When you receive a pre-foreclosure letter from your mortgage lender it is so important to act quickly. It is easy to fall into the temptation to avoid situations that might be frightening or that we do not understand. But if you receive a notice pertaining to foreclosure you are best served by taking the bull by the horns. Take immediate action – contacting your lender and a trusted realtor are both wise steps. Delaying your response in these situations often only equates to you relinquishing your control.

• Understand Your Options

There might be a number of alternatives available to you that you do not know about yet. Knowledge is power, and consulting with professionals in these arenas can help you to save your home. Take the steps necessary to ensure that you understand the different paths you could take moving forward, and what their potential implications and outcomes would be.

• Understand Your Rights

Just as it is important to know your options, it is just as important to ensure that you understand your rights as a homeowner in Florida facing foreclosure. Florida law has developed to provide homeowners with important protections and options that could be beneficial to you. Speaking with a seasoned attorney can help you stay informed and select appropriate paths forward.

• Understand Attorneys’ Roles

Foreclosure defense attorneys can provide invaluable guidance. As professionals who traverse foreclosure cases regularly, foreclosure defense attorneys understand the laws and what options are out there that homeowners can utilize. A well-seasoned attorney can represent your interests and help to ensure that your rights are protected.

• Communication is Key

Just as homeowners should not procrastinate addressing a pre-foreclosure notice, it is just as important to open channels of communication and ensure that you maintain transparent communication with your mortgage lender and any other parties who might be involved. Staying actively involved and communicative can ensure that you always understand where you are at in the process, and might lead to more favorable outcomes in the long run.

Contact Suncoast Civil Law

Being proactive and seeking professional help where it is appropriate can make a significant difference in foreclosure defense cases. The experienced Sarasota foreclosure defense lawyers at Suncoast Civil law can help you understand the processes moving forward and help you navigate through this difficult time. Contact our office today to learn more about how our team can help you secure the best possible outcome moving forward.

Sources:

nbcnews.com/business/economy/home-foreclosures-rising-in-us-where-which-states-rcna88394

miamiherald.com/news/business/real-estate-news/article283263203.html