Avoid Foreclosure in Central Florida with a Foreclosure Lawyer serving Tampa, Clearwater, St Petersburg, Pasco, Orlando, & Beyond

Perhaps you are the proud owner of a 2-story new house in Tampa, Florida or a lovely townhome in Clearwater. Either way, your home is your most prized possession, and your mortgage payment is your top priority every month. Your mortgage payment is also your largest bill, and for many central Florida homeowners, mortgages are becoming harder and harder to pay. Yet as you muddle through soaring grocery bills, fluctuating gas prices, and expensive car repairs, you still do everything you can to pay your mortgage and avoid foreclosure.

If the time comes that you simply cannot afford your mortgage and you fall behind, you may feel as if foreclosure is the only option. Doing nothing and allowing your lender to foreclose, however, is usually an unwise decision. Foreclosure will not only rob you of the equity you have built up in your home, it will also ruin your credit rating. Furthermore, after foreclosure, the lender may pursue a deficiency judgment against you for attorney fees, legal costs, and any money the lender lost on the sale of your home. Foreclosure is a nightmare, but the good news is, you may be able to avoid foreclosure. Please contact a foreclosure attorney from Kennedy Law Group in central Florida for a free consultation about your case, whether you are in Tampa, Kissimmee, Orlando, St Petersburg, Bradenton, Sarasota, Lakeland, New Port Richey, or beyond.

By seeking mortgage help early, you can often avoid foreclosure by asking your lender for a mortgage modification. A mortgage modification helps you avoid foreclosure by allowing you to affordably catch up with your payments and reduce future payments. It may be difficult for you, as a borrower, to negotiate a mortgage modification by yourself, but a mortgage attorney from Kennedy Law Group has ample experience in foreclosure laws and knows your rights. We can use a variety of strategies to modify your mortgage such as reducing the interest rate, reducing the principal, extending the term of the mortgage, spreading missed payments over the life of the loan, and more.

Another issue which can be investigated by your foreclosure attorney is the possibility that you have been wronged by predatory lending practices. From Hillsborough to Pasco County and Pinellas to Osceola, dubious lenders in central Florida and nationwide have been steering their customers into dangerous mortgages without regard to the homeowner's ability to repay the mortgage. If your lender has engaged in illegal behavior and railroaded you into a mortgage you cannot afford, our attorneys may be able to help you avoid foreclosure and get you back on your feet.

At the very least, when you call a foreclosure attorney from Kennedy Law Group in central Florida, we can assist you in answering the court, defending your rights, and delaying a foreclosure action. This will give you and our attorneys the time we need to avoid foreclosure for now so that we can investigate the possibilities available to you.

After foreclosure proceedings begin, your lender will refuse any future mortgage payments from you. Surprisingly, this can work out to your advantage. While the bank is responsible for paying property tax and insurance on your home during foreclosure proceedings, you will still be the legal owner of the home with the right to live there, or even collect rent from your tenants. Therefore, after the bank files for foreclosure, you will not have any mortgage, insurance, or tax payment, but you can still reside in your home. For up to 12 months or more, your foreclosure attorney can fight to avoid foreclosure, and during this time, the bank will be helping you build equity in your home. Meanwhile, your attorney is also able to negotiate a more affordable mortgage and stop foreclosure proceedings against you.

You do not have to fight to avoid foreclosure alone. Call a foreclosure attorney at Kennedy Law Group in central Florida to schedule a free initial consultation or fill out our foreclosure help form. We can meet with you on weekdays, week nights, or weekends, and our location is convenient to Clearwater, St Petersburg, Pasco, Manatee, Sarasota, Orlando, Bradenton, Kissimmee, Lakeland, Altamonte Springs, and beyond.