I am a resident of Tampa, FL. Can you help me stop foreclosure?
Chapter 13 is a reorganization bankruptcy; it allows Florida homeowners to reorganize debt into a more manageable payment. Also, it may provide up to five years to catch up on missed mortgage payments without being charged any additional interest. A Tampa foreclosure defense lawyer can help navigate this process for you.
How do you modify a mortgage in Florida?
In a Chapter 13 case, you can apply for a loan modification. You can also contact the bank directly to apply for loan modifications. Hiring an attorney for loan modifications is not required, but it may help to make the mortgage modification process more manageable and increase your chances of approval. Our Tampa Bay… Read More »
Will bankruptcy stop a foreclosure sale in the State of Florida?
When a Chapter 7 or Chapter 13 case is filed, an automatic stay is instantly put into effect. The automatic stay is a federal law that stops all forms of collection activity, including foreclosure auctions already scheduled to occur. Consult a Tampa foreclosure lawyer for legal advice and the best course of action for… Read More »
If I walk away from my Florida home, can the bank headquartered outside Florida sue me?
Often, after a foreclosure auction, there will not be enough funds from the sale to pay the loan in full. In such cases, the bank may sue the borrower for the remaining balance (deficiency), whether Floridian or out of State. Additionally, the bank will usually add interest, late penalties, and legal fees to the… Read More »
