Foreclosure Defense

Don't lose your home! Avoid foreclosure today. Hundreds of thousands of foreclosures are filed each month because people aren’t sure what to do when they fall behind on their mortgage. Why? They don’t know their rights. The Stephens Firm knows your mortgage rights. We understand that when faced with the stress of possibly losing your home, everything can seem hopeless. We’ll help you understand your rights and develop a plan.

Florida foreclosure begins when the lender files a lawsuit (Lis Pendens, Latin for “suit pending”) against a homeowner. The homeowner must be notified of the legal action pending and must file an answer within a specified time period. If the homeowner does not respond, the court will make a judgment against the homeowner and set an auction date.

For many homeowners, foreclosure defense buys time – which in some situations, is all you and your family need to remain in your home. This “time” also affords a homeowner the opportunity to negotiate or obtain any of the following legal foreclosure solutions. Any one of these options can actually prevent foreclosure and deficiency judgments.

• Loan Modification - This option allows you to refinance the debt and/or extend the term of your existing mortgage loan.
• Sell the Property - If there’s sufficient equity in the property, you may be able to receive more for it than what is due on the mortgage loan.
• Short Sale - This option allows you to sell your property for less than what is necessary to pay off your mortgage loan.
• Deed-in-lieu of Foreclosure - This option allows you to voluntarily "give back" the property to your lender without further damaging your credit.
• Assumption - This is the process of signing over your property to another person. That person then takes possession of your home and takes over making the payments.

If you, or someone you know is facing foreclosure, call us today at 888-723-5431 and set up a FREE consultation to get the answers you need, and deserve.


At The Stephens Firm, “We fight your battles so you don’t have to.”