The Basics of Foreclosure

Foreclosure is an action by the bank to take back your property. You have the right to fight that action. Banks must take specific steps, in the correct order, with the correct timing, in order to have the right to foreclose. Without hiring an attorney, you may not know whether the bank has done the foreclosure correctly.

Additionally, almost all mortgages in the state of Florida have the right of “reinstatement.” This means that, if at any time during the foreclosure litigation process the borrower comes up with the money for the late payments or can make a deal with the bank to cure the arrearages or late payments, legally the bank must dismiss the foreclosure action.

Many people feel very overwhelmed when they get sued for foreclosure–they move out of the house or sign the house over, not knowing that by hiring an attorney and fighting this action it is very possible to save the house, even without filing bankruptcy.

Let the Foreclosure Defense law firm of Kingcade & Garcia, P.A. aggressively advocate for your rights to help save your home. Free consultations are available by calling (305) 285-9100.