The Time to Be Proactive Is Now
When you are facing foreclosure, stress, fear and false confidence can cause you to make bad decisions. Before you automatically vacate your home or ignore notification of the foreclosure lawsuit because you are waiting for your lender to approve a loan modification, consult a skilled lawyer to learn about your options.
My name is Jeffrey A. Klein. At the Law Office of Jeffrey A. Klein in Daytona Beach, Florida, I provide aggressive foreclosure defense to distressed homeowners. I fight to save their homes and represent them throughout the foreclosure process.
Do not make the mistake of assuming your lender will not pursue a lawsuit just because you are trying to reach a workout agreement. Contact my office online or call my office locally at 386-492-9952 or toll free at 866-819-6032.
Florida is a judicial foreclosure state. That means all foreclosures must be processed through the court system.
The foreclosure process begins when a lender files a civil complaint against a homeowner, sometimes after the owner has missed only 2-3 mortgage payments. The property owner is then served foreclosure papers and must respond within 20 days.
Unfortunately, approximately 95 percent of homeowners simply do not answer the complaint, either voluntarily vacating the property or ignoring the notice, believing the lender will not follow through with the lawsuit since they are working on a loan modification.
If the homeowner fails to answer within the allowed time frame, the lender can then move for a summary judgment. If the judge rules in the lender's favor, the court sets a date to sell the home at auction, usually 25-35 days from the hearing. At this point the homeowner has no leverage to negotiate with a lender.
The lender cannot take your home until the court enters final judgment against you and your home has been sold at a judicial sale.
Valued Legal Advice
As your lawyer, I will represent you throughout the foreclosure process, working to:
- Negotiate with your lender
- Work to reach an agreement that suits your financial situation
- Re-work your mortgage
- Negotiate a short sale if appropriate
- Notify your lender's attorney that you are working on a loan modification
With so much at stake, it is crucial you retain the services of a knowledgeable attorney.
Act Quickly to Protect Your Home
To learn how I can help you with your foreclosure issue, contact me online or call my office locally at 386-492-9952 or toll free at 866-819-6032. For your convenience, evening and weekend appointments are available.
