We answer three of the most common questions we hear from our clients.
I've been served with a summons and complaint for foreclosure, what do I do now?
You must take immediate action to defend the legal action brought against you or you may waive all of your rights to defend against a foreclosure. Because Florida law provides you only 20 days to respond to the complaint, you should contact a foreclosure defense attorney immediately to protect your rights. Petrucelli Mason attorneys are available 7 days a week to help you in your time of need.
I haven't been sued yet, what can you do for me?
Just because a foreclosure action hasn't been filed against you, doesn't mean that we may not be able to help you. If you are currently behind on you mortgage payments, it is only a matter of time before the lender will seek to foreclose on your property. We engage your lender prior to a foreclosure action and begin negotiations with your lender to modify your loan, process a short sale or other remedies. Through our representation, we can often delay a foreclosure action while we explore other options with your lender.
Can the bank sue me for anything else after they take my house?
This is a common question that we hear and clients are often surprised when we tell them that the lender can pursue a judgment against them after their home is sold at a foreclosure sale. If the foreclosure sale results in the sale amount being less than what is owed the lender, the lender may then pursue a deficiency judgment against the borrower for the difference between these amounts. Unfortunately, in this economic climate, foreclosure sales almost always result in a deficiency, often in excess of a hundred thousand dollars, which may be pursued against the borrower. So, don't think once your house is foreclosed and sold that the foreclosure is over.
Contact Our Firm
If you have questions regarding Foreclosure in Florida, contact by calling 813-990-0672 or completing the contact form on this website. We offer free initial consultations and can meet our clients during evening or weekend hours, if necessary.
