South Florida Law Firm Helping You Understand the Foreclosure Process
If you are facing foreclosure in Florida, it is important that you understand the process and what you can do to stop it. At Ferrer Shane, PL, based in Miami, our bankruptcy and foreclosure lawyers are committed to providing you with the legal advice you need to make informed decisions about your financial future. Call us at 305-262-2728 to schedule your free initial consultation to learn more.
Florida Law Covers All Foreclosure Proceedings
If you are unable to make timely and consistent payments on your mortgage, your lender has the right to seek foreclosure under Florida Statute §702.01 et. seq. If a foreclosure is not defended against or if the court orders foreclosure, your home will be sold at a foreclosure auction. If the house is sold for more than what is owed to the bank, those surplus proceeds are yours by right. They may also be used to pay off a second mortgage. In situations where the house is sold for less than what is owed, you may be held liable for the remainder through a deficiency judgment.
What the Foreclosure Process May Look Like for You
The foreclosure process often starts first with a lender filing a complaint seeking foreclosure with the courts and notifying you of such. At this point, you must act if you want any chance at saving your home. Ignoring the notice means you could lose your home in as little as three months.
When you meet with a lawyer, you will find that you likely have several options to choose from, including defending against the mortgage foreclosure, seeking a short sale or filing bankruptcy. At our office, we do our best to provide you with the advantages and disadvantages of each option before having you choose the route you wish to take.
If you choose to file bankruptcy to stop foreclosure proceedings, you must follow a very specific timeline and process. We understand this process and will efficiently handle these affairs for you.
Contact Our Miami Bankruptcy Law Firm for More Information
To learn about Florida's foreclosure laws and how your financial future can be affected by foreclosure, call us at 305-262-2728 or contact our Miami law firm online to schedule your free consultation with one of our experienced attorneys.
We are a debt relief agency. We help people file for bankruptcy relief under the Bankruptcy Code.
