Explore Your Options with a St. Petersburg Foreclosure Lawyer

The foreclosure process in Florida can involve a judicial process or a non-judicial process depending on the circumstances. Whether you are currently going through the pre-foreclosure or are actually in a litigation process it is important to know we can HELP. You have only 20 days to respond if you have been served a notice of foreclosure, and this means that involving a St. Petersburg foreclosure defense lawyer as soon as possible is of the utmost importance. We can discuss your potential alternatives to foreclosure, can help if you have been the victim of predatory lending and can assist you in reaching the best possible resolution to save your home and credit.

Contact LeavenLaw today to find out more about your legal options in a free consultation!

What options are there?

When you are facing foreclosure, you have alternatives to consider. Your options may vary depending on whether you wish to keep your home or are interested in selling the property and keeping foreclosure off your credit report.

Depending on the case, there are different options your attorney may suggest:

  • Deed in lieu - in essence, a deed in lieu of foreclosure involves you signing over the property to the lender in exchange for the lender cancelling the mortgage. The lender agrees to take back the property rather than follow through with foreclosure.
  • Short sale - a short sale involves a borrower that sells his or her home for less than it is worth. In some cases, a lender may agree to accept the lower payoff amount, or the borrower will need to negotiate with the lender in terms of the remaining portion of the loan.
  • Bankruptcy - filing for bankruptcy will place an automatic stay on foreclosure proceedings, and a Chapter 13 bankruptcy may allow a debtor to work out past due mortgage payments and penalties in his or her repayment plan. Depending on the case, bankruptcy may allow you to save your home or may grant you a window of opportunity to complete a short sale.
  • Loan modification - a process that involves negotiating for different mortgage terms. Depending on the case, a loan modification may save a borrower thousands or more than a hundred thousand dollars over the life of his or her mortgage.

Call a St. Petersburg Foreclosure Attorney to Learn More!

A foreclosure defense lawyer at LeavenLaw can assist you in exploring your potential alternatives to foreclosure in order to make the choice that is best for your financial goals now and in the future. Since 1972, our firm has helped countless clients resolve their current situations and move forward into the future with confidence. We are passionate about providing results-oriented counsel and guidance that is focused on the needs of our clients.

Call (855) 532-8365 to speak with an experienced attorney today!