The Foreclosure Process
Foreclosure can be an emotionally draining time in a homeowner’s life. In some cases, the homeowner may not know foreclosure is coming. Other homeowners may know that foreclosure is a possibility but feel powerless to stop it.
Understanding the foreclosure process can help homeowners protect themselves. If you are a homeowner who is facing the threat of foreclosure, contact the West Palm Beach foreclosure defense lawyers of Eric N. Klein & Associates, P.A., today at 561-353-2800 for a free consultation with a legal professional.
The Steps of Foreclosure
Individuals may be at risk for foreclosure if they miss even one mortgage payment. When this happens, lenders will usually send out past-due notices. Failure to remain current on mortgage payments may result in the start of the foreclosure process.
After homeowners get behind on mortgage payments, lenders may issue:
- Demand letters, which notify homeowners that the foreclosure process will begin soon
- Notices of default, which notify homeowners that the bank has filed a foreclosure notice with a court
- Notices of sale, which notify homeowners that their homes will be put up for auction
At any time during this process, homeowners may be able to respond to the bank and work together on a plan to halt the foreclosure from going forward.
Contact Us
A home foreclosure can drastically alter your way of life. If your home is in danger of being foreclosed, contact the West Palm Beach foreclosure defense attorneys of Eric N. Klein & Associates, P.A., today at 561-353-2800 to discuss your situation.
