The Foreclosure Process

If you are unable or unwilling to act in time, your home could be foreclosed on. Some people feel as though they have no other options once they are on the brink of defaulting on their loans, but this isn't necessarily the case. A strategic bankruptcy filing might allow you to stay in your home and keep you from being evicted. At Nowack & Olson, we help Florida families assess their situation and help them file for bankruptcy when it is warranted.

The foreclosure process is often filled with stress and uncertainty for those who are in the middle of it. At times, it can seem as if your whole future is up in the air: where you will live, how your credit will be affected, and exactly when you will have to vacate your home could all be up in the air.

What You Can Expect To Deal With

It can be dangerous to expect that your lender will put off foreclosure proceedings. While some lenders may not act immediately, the backlog of Florida foreclosures is dwindling. That means as soon as 60 days after your first missed payment, proceedings could begin.

Whether or not your foreclosure is supervised by a court, you will receive a legal notice of foreclosure if the process continues. Ultimately, your home could be sold at a public auction.

The sooner you are able to recognize that you might be in danger of a foreclosure, the better off you will be if you can get the help that you need. Call our lawyers today at 888-813-4737 or email our law firm to get started.