The primary reason that we hear clients give for the threat of foreclosure that they now face is loss of work or a decrease in income. The economic downturn of recent years in combination with the rising payments associated with adjustable rate mortgages (ARMs) has been a recipe for disaster for many homeowners in Florida and nationwide.
Assuming that your foreclosure threat involves your primary residence, there is a good chance that you are vitally interested in one or more of the following options:
- Stopping foreclosure and paying off your mortgage as planned, perhaps through a loan modification or some other alternative
- Postponing the sale of your home and the threat of eviction long enough to make plans for a new place to live on your terms and on your timetable
- Getting out of your mortgage free and clear, able to walk away from what is now your home with no further obligations
One of these options may work for you if you are unable to pay your mortgage at present. Contact the Naples offices of lawyer Michael L. Kraus to discuss your goals and your options. Learn about the foreclosure process for primary residence in Naples. Let Mr. Kraus explain the strategies and alternatives most likely to have a good outcome after your home has been targeted with the threat of foreclosure.
If you have decided to take back control of your future, do not delay. Time is of the essence.
- If you simply stop paying your mortgage and do nothing, the bank will most likely foreclosure on your home in 3 to 6 months. All told, moving expenses may be much more than the costs of high-quality legal representation.
Contrary to what many people think, foreclosure threatens not only short-sighted people who did not read the fine print of their mortgages or who bought more house than they could afford. Professional people, business owners and people who have never had a legal problem before are among those caught up the foreclosure frenzy that has swept our community, our state and our nation in the past half decade.
Experienced Florida Foreclosure Defense Attorney on Your Side
Clients of the law offices of Florida foreclosure defense attorney Michael L. Kraus have decided not to give up — not to roll over and not to play dead. They are ready to face the challenge and seek a light at the end of the tunnel when foreclosure looms as a real possibility. Contact the law firm for more legal advice and assistance if foreclosure of your primary residence or of a second home is a threat.
The information contained on this page and within this website is not to be construed as legal advice and any persons interested in obtaining information for a particular situation should contact an attorney to discuss the same. A legal opinion will be provided if and when a consultation with our office occurs. Please contact our office today.
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