If you own a home or a condo in Florida and have stopped or plan to stop making your mortgage payment, the bank that holds your mortgage will file foreclosure proceedings against you. In Florida, every foreclosure is handled as a lawsuit and must go through the court system.
Act Quickly for Foreclosure Defense
The foreclosure process is complicated and stressful. You may lose your house to a foreclosure sale by the bank if you do not take steps to protect your legal rights.
We understand the many steps and deadlines involved in the mortgage foreclosure process, starting with a “Lis Pendens” filing. Our foreclosure defense attorneys will help you to take appropriate legal action, including:
- Understand your rights to reinstate your mortgage payment
- Identify important court deadlines that require action on your part
- Determine if the bank has incomplete or faulty loan documentation
- Consider bankruptcy options
You May Still Owe Money after a Foreclosure Sale
Just because your house is sold in a foreclosure does not mean that your financial liability is over. If your house is sold by the bank for less than you owned on your mortgage, you are still liable to the bank for the difference between the value of your mortgage and the sales price the bank received.
As an example, if you owed $200,000 on your mortgage, and the bank foreclosed on your home and sold it for $125,000, you still owe the bank $75,000. The bank can obtain a “deficiency judgment” from the courts within five years of the house sale date, and try to collect the $75,000 from you.
The foreclosure defense attorneys at Winston Law Firm can help you understand your legal rights. We will work to protect your family from the bank and other debt collectors.
Contact a Fort Lauderdale Area Foreclosure Defense Attorney
We are based in Plantation, Florida, and provide foreclosure defense services across Broward County, including Coconut Creek, Cooper City, Coral Springs, Dania Beach, Davie, Deerfield Beach, Fort Lauderdale, Hallandale, Hollywood, Lauderdale Lakes, Lauderhill, Lighthouse Point, Margate, Miramar, North Lauderdale, Oakland Park, Parkland, Pembroke Pines, Plantation, Pompano Beach, Sunrise, Tamarac, Weston, and Wilton Manors.
Call us at (954) 475-9666 or schedule a free consultation with a Florida foreclosure defense attorney using our online contact form. A member of our legal team is also available via online chat to answer your questions immediately during normal business hours.