Local Foreclosure Lawyers Report The Reality of the Florida Foreclosure Crisis


April 21, 2016

If you own property in Florida, you’re probably aware of the Florida foreclosure crisis.

Local foreclosure lawyers know this crisis all too well.

At the Law Office of Michael A. Ziegler, we handle foreclosures in multiple ways.

We prevent them through debt litigation, and stop them through foreclosure defense.

As such, we’ve seen the terrible realities of the Florida foreclosure crisis.

As a homeowner, being informed is essential so that if you ever get into a situation that could result in foreclosure.

It’s important for you to understand the reality of this situation and know who to contact for help.

How Can Local Foreclosure Lawyers Help?

In 2012, Florida was the second highest state in the United States for foreclosure.

While foreclosures are slowly dropping, hundreds of thousands of Florida residents are losing their homes to their lenders.

Jobs are being created constantly to try to alleviate some of this trouble, but with things the way they are, people are unable to catch up.

When the home is repossessed, the lender holds an auction to try to receive the balance of the debt of the loan.

The number of properties scheduled for auction jumped significantly starting in 2014. The crisis began in 2006, and in 2014 the number of open foreclosure cases in Florida was 263,000.

To solve the crisis, Florida has been encouraging lenders to close these cases. That’s where we have an advantage if the right assistance is obtained.

Being in debt seems impossible at times. Recovering once you’ve crossed that line can seem nearly impossible.

It can be tempting to just let the bank take the home, and hope it settles the full amount of your debt. However, this can have serious consequences for your future, and lenders are open to communication right now.

Having a foreclosure defense attorney will help you avoid or reduce these consequences, and if you contact one soon enough, you may even avoid foreclosure altogether.

Usually when you are in danger of foreclosure, your lender will give you plenty of warning signs. When you are behind on payments, the lender may send you multiple notifications with necessary action.

A debt litigation lawyer can negotiate a more agreeable payment plan for your loan, and ensure that you are able to better afford your payments and catch up on past debts.

If you are past this point, the bank will send you a foreclosure notice, which you should never ignore. Respond immediately, and bring the notice to a qualified attorney to help you find a solution.

In Florida, foreclosure is a serious issue. People are unable to keep up with the demands of their lenders, and property is constantly changing hands.

You should never have to give up your property if you can feasibly afford it. If you hit a hard time, or are behind on your payments, contact us before you are notified of foreclosure.

However, if you are one of the many Florida homeowners who have already been served with foreclosure papers, don’t let the case get away from you. Local foreclosure lawyers can help.

Contact Michael A Ziegler to help you figure out how to solve the issue of foreclosure and potentially save your home.

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