COVID-19 and Foreclosures in Florida
What Will to Happen to Foreclosure Case on My Home?
If you are currently involved in a Florida Foreclosure Case during the COVID-19 pandemic, you should not be worried about your home being sold during the current health crisis.
Governor Ron DeSantis enacted an Executive Order on April 2, 2020 which provides certain protections for individuals who are facing foreclosure during this time. This proves to be timely, especially for those who are facing the threat of losing their homes to foreclosure.
Going over the EO, the statute suspends any residential foreclosures or evictions from taking place for at least 45 days from the date of the Order. To make a long story short, this means any foreclosure sale currently set on May 18, 2020 or earlier will be postponed and rescheduled to a later date.
For reference, you can read a PDF copy of Governor DeSantis’ Executive Order here.
Can I Still Save My Home?
With this suspension on foreclosure sales, lenders may show more willingness to work together with borrowers on coming to a resolution with regard to the foreclosure action. Proper negotiation, especially with the help of an experience foreclosure defense lawyer in Florida, may result in you actually keeping your home in the long term.
If you are facing the threat of foreclosure, you should use this extra time to seek loan modification or other loss mitigation options with your lender. With the threat of the current pandemic keeping things in flux for the foreseeable future, borrowers could be more inclined to work with you on coming to a resolution.
Our team of legal experts Attorney Debt Fighters are here to help you navigate through a Florida Foreclosure Case during COVID-19. For more information on how you can avoid Foreclosure, please contact our office to schedule a free case evaluation.