Lakeland Foreclosure Attorneys
When the owner of a property fails to make their mortgage payments, the lender may take action to begin foreclosure proceedings. Foreclosure allows the lender to take ownership of the property. For the average person, the foreclosure process can be extremely confusing and scary, and many people may worry that they will lose their home or business as a result. The good news is that you can stop the foreclosure process – our experienced Lakeland commercial and residential foreclosure attorneys can help.
Foreclosure Laws in Florida
If you fall behind on your mortgage payment in Florida, your lender will send you a notice reminding you of your obligation and informing you that you are delinquent. Per federal laws, after you are 120 days delinquent on payments, your lender has the right to file a lawsuit against you with the court and begin the foreclosure process. When this happens, you must be served notice informing you that pre-foreclosure has begun. In the notice that you are served, the letter must explain what action is being taken against you, the fact that you have defaulted on your loan, what you can do to remedy to the default, and the time frame that you have to pay the lender.
The next part of the foreclosure process is rather complex, and includes showing cause that foreclosure should not occur, scheduling a hearing, presenting arguments regarding the foreclosure, and setting the foreclosure sale date if the defendant does not win in court. Contact our Lakeland foreclosure attorneys for more information on this process.
How a Foreclosure Attorney Can Help
You have the right to file a response to the lawsuit in which you raise concerns about the foreclosure and express why the foreclosure should not proceed. Doing so in an accurate and effective manner is best served with guidance from an experienced foreclosure attorney.
Your attorney can also write a letter to your lender and negotiate with your lender to prevent a foreclosure action. Further, if necessary, your attorney can also file a bankruptcy action to prevent a foreclosure from going through. A foreclosure attorney will also guide you through your options, including refinancing, a short sale, or mortgage loan forbearance.
In many cases, pre-suit mediation is possible. During pre-suit mediation, your commercial or residential real estate lawyer will advocate for you and help you to resolve or narrow the issues in dispute. We represent both plaintiffs and defendants in foreclosure mediations.
Contact a Lakeland Foreclosure Attorney Today
The threat of losing your home or a commercial property is real when you do not pay your mortgage. If a suit regarding foreclosure has been filed against you, do not hesitate to call our experienced Lakeland foreclosure attorneys at Mank & Mank, PLLC. We will work hard to figure out a solution that allows you to keep your home or business and resolve a foreclosure action. Our boutique law firm allows us to prioritize clients’ need and provide individualized services while keeping our overhead costs lost. We are reachable now at 863-808-1344.