The Foreclosure Process

When a homeowner falls behind on mortgage payments, his or her lender may foreclose on the home. This is the process by which a mortgage lender reclaims legal control over the property in question. In Florida, this process is handled by the courts.

If you are facing foreclosure, you need to be thoroughly informed about your legal rights and options. If you have any questions about protecting your property, contact the West Palm Beach foreclosure defense attorneys of Eric Klein & Associates, P.A., at 561-353-2800.

Foreclosure: Step by Step

The first step in the foreclosure process is for the mortgage lender to file a legal claim against the mortgage holder. It is the lender’s responsibility to notify the borrower of this legal action, whether by mail or in person. The borrower will then have a certain length of time in which to respond to the legal claim against him or her.

If the borrower does not respond before the specified date, the court will issue a ruling in the case. If the court rules against the borrower, the court will determine how much money the borrower owes, and the date on which the property will be sold if the borrower does not pay this amount. The sale date is typically 20 – 35 days after this court ruling.

The borrower has until the date of sale to repay the full amount owed to his or her lender. If he or she is able to pay this amount, the property will remain in his or her possession. If he or she fails to make the payment, the property will be sold and the proceeds will be kept by the mortgage lender.

If you are having difficulty making mortgage payments, you may be at risk for foreclosure. You need an experienced West Palm Beach foreclosure lawyer to help you review your options and develop a plan of action.

Contact Us

The West Palm Beach foreclosure attorneys of Eric Klein & Associates, P.A., are committed to aggressive and thorough foreclosure defense. To discuss how we may be able to help you, contact us today at 561-353-2800.