Stop Foreclosure in Florida
Owning a home is one of the cornerstones of the American Dream. Yet, millions of families across the U.S. are on the brink of losing their homes in foreclosure. Many Florida homeowners don't know how easily they can lose the roof over their heads if they fall behind on their mortgage.
Chapter 13 bankruptcy laws allow you to avoid foreclosure by reorganizing your debts into a repayment plan you can actually afford. Call or text DebtStoppers at 786-420-4545 to request a free debt settlement consultation with a member of our team of experienced Florida lawyers, and discover how filing for bankruptcy can stop a lender from foreclosing on your American Dream.
Understanding the Foreclosure Laws in Florida
When you purchased your house, you probably signed a mortgage agreement with the lender. The bank gave you the funds to pay for your home, and you've been paying it back with monthly payments ever since.
With most mortgages, the loan is "secured" by the real estate purchased. That means if you are late on your payments, the lender can take possession of the house through foreclosure.
Florida laws create a judicial process, which means that the lender must go through the court system to foreclose on your home. Once they can secure a judgment of foreclosure from the court, your home will be sold to the highest bidder between 20 days and 35 days later. If you still owe money on your loan after the sale, your lender can get a deficiency judgment against you for the rest.
How To Stop Foreclosure in Florida?
If you're one of the thousands of Florida families trying to save their home from foreclosure, you've probably explored various options. While many people claim they can help, most of them offer "solutions" that don't work and can't stop a lender from foreclosing on your house.
What Works and What Doesn't Work?
Unfortunately, there are plenty of con artists in Florida looking to take advantage of people who are desperate to save their homes. You should beware of businesses that call themselves:
- Debt "doctors"
- Debt settlement companies
- Foreclosure "rescue specialists"
- Mortgage modification agents
These hustlers won't save your house; they will sell you snake oil, pocket the cash, and leave you to fend for yourself.
Chapter 13 bankruptcy lets you stop a foreclosure in its tracks. As soon as you file for bankruptcy, the court grants you an automatic stay that forces your creditors to terminate all collection activities. This means that the bank CANNOT FORECLOSE on your home. It also means that even if a lender has already initiated proceedings, they have to immediately stop.
After your bankruptcy is finalized, you will still pay your home loan. However, Chapter 13 will wipe out approximately 90% of your other debts, making it possible for you to actually afford your mortgage payments.
Save Your Home With Our Lawyers
At DebtStoppers, our qualified debt relief attorneys have years of experience helping families like your files for Chapter 13 bankruptcy. Call or text us today at 786-420-4545 to schedule a free case consultation.
DebtStoppers has saved thousands of Florida homes, and we can protect yours too. Call or text DebtStoppers at 786-420-4545, so we can start fighting for your home today!