What is Foreclosure?

What is Foreclosure?

It is not uncommon for homeowners facing foreclosure to be unclear about what foreclosure entails.

In Florida, a foreclosure occurs when a borrower is behind on their mortgage payments (usually 3 payments or more). At this time, the lender takes legal action to regain the property and sell it to another. Since Florida is a judicial foreclosure state, all foreclosures must go through the court system.

With the guidance of a qualified Florida Foreclosure Defense Attorney, a borrower may be able to fight foreclosure and find a better alternative.

If you may be facing foreclosure in Sarasota County, Florida, please contact us today to discover your options and determine the best solution for your situation.