Stop Foreclosure in Tampa, Pasco, Clearwater, Orlando & Beyond: Call Our Foreclosure Attorneys for Help

Buying a home is a source of pride and accomplishment for countless people in Florida, from Tampa to Orlando, Clearwater to Pasco County, and Lakeland to New Port Richey. Not only is a home your most valuable investment, it is also a place that is close to your heart. This is what makes home foreclosure a tragedy; it carries both a financial and emotional impact that can stay with you for years. Thankfully, whether you own a single family home in Bradenton, a townhome in Tampa, or a condo in Kissimmee, there are ways to stop foreclosure.

The foreclosure attorneys at Kennedy Law Group, serving Tampa, Orlando, and greater central Florida, are proud to offer legal representation for a multitude of matters in real estate and foreclosure help including mortgage modification, foreclosure defense, and mortgage fraud litigation. We offer responsible, effective legal counsel with the goal of helping you stay in your home. Furthermore, the cost of working with a foreclosure attorney to stop foreclosure is minimal, especially when compared to the cost of losing your home and your credit rating.

At Kennedy Law Group, our top priority is keeping you in your home with a mortgage payment you can afford. We understand that many homeowners in central Florida, feel overwhelmed and paralyzed with fear because they do not know the options available to them to stop foreclosure. However, instead of doing nothing, please call our foreclosure attorneys to learn about the many ways we can save your home. From Tampa to Clearwater, St Petersburg to Sarasota, and Pasco to Orlando, we also help homeowners by offering convenient day, weeknight, and weekend appointments.

The simplest way to stop foreclosure is to negotiate a mortgage modification. In order to achieve a satisfactory mortgage modification, extensive negotiations along with the threat of legal action is likely required. Unlike non-lawyer loan modification companies and foreclosure counselors, Kennedy Law Group has foreclosure attorneys and the threat of litigation to add strength behind its negotiation.

From our headquarters in central Florida, the foreclosure attorneys at Kennedy Law Group prove our negotiation strength to the lender by standing ready to file litigation if they fail to agree to a significant loan modification. These litigation strategies may include any or all of the following:

• Foreclosure Defense
• Deficiency Judgment Defense
• Predatory Lending Practice Lawsuit
• Mortgage Fraud Lawsuit

In order to secure a mortgage payment that you can afford, your Orlando, Pasco, Pinellas, or Tampa mortgage lawyer at Kennedy Law Group will employ a multifaceted approach, including the following strategies as necessary:

• Interest Rate Reduction
• Principal Reduction
• Loan term extensions up to 40 years
• Converting a high ARM to a low fixed rate
• Deed-In-Lieu of Foreclosure
• Short Sale
• Spreading missed mortgage payments over life of the loan
• Interest free payments for up to 10 years

The national mortgage crisis and the decline in real estate values has affected thousands of homeowners and real estate investors in central Florida including the vast residential areas of Orlando, Clearwater, and St Petersburg as well as the counties of Pasco, Pinellas, Hillsborough, Orange, Osceola, and Polk. It is devastating to face the loss of a property through foreclosure. Sadly, many real estate owners are simply walking away from their properties without investigating alternatives that might stop foreclosure, save their property, minimize credit score damage, or avoid a deficiency judgment.

At Kennedy Law Group, our foreclosure attorneys believe that home owners in central Florida should evaluate all of their options to stop foreclosure, and be advised of the legal consequences of the actions they may take before a property is lost to foreclosure. The worst of all legal scenarios is to just stand by and wait for the lender to foreclose. Doing nothing to stop foreclosure may seem to be the only alternative, but that is simply not the case. There are many legal alternatives that can prevent or minimize the impact of a foreclosure with the ensuing auction, eviction, and finally the very real possibility of a deficiency judgment.

A deficiency judgment occurs where the lender, after foreclosing on the borrower, seeks a judgment against the borrower for all attorney fees, legal costs and any loss on the sale of the home. These damages can be sought for up to four years after the foreclosure. Even worse, the collection effort on a deficiency judgment can last a lifetime.

Over the past several years, the mortgage industry made loans to people regardless of their ability to repay the loan according to its terms. "Interest only" loans and "Adjustable Rate Mortgages ("ARM") are now taking their toll and the rate of foreclosure in the nation is the highest it has ever been. Millions of people are losing their good credit, losing their homes, and having their lives turned upside down. If this nightmare is happening to you, there may be something you can do to help yourself and stop foreclosure.

At Kennedy Law Group we utilize a team of foreclosure lawyers and para-professionals to advise you of your options and rescue you from financial ruin. Depending on your unique set of facts, we can usually answer, defend, and delay a pending foreclosure action. That will give our team of Florida foreclosure attorneys, and you, the opportunity to explore the possibility of a loan modification agreement. The loan modification process requires convincing the lender that it is better for them to renegotiate the terms of the defaulted loan to make the payments lower, fix the rate, lengthen the term, or adjust the loan in some other way to allow you the ability to pay. This scenario could very well serve the best interests of all parties involved.

The following are more services provided by our foreclosure attorneys to stop foreclosure in central Florida including Orlando, Tampa, Kissimmee, Apopka, Altamonte Springs, Clearwater, St Petersburg, Pasco, Sarasota, and beyond:

• Reviewing your loan documents to determine the nature and extent of your obligations.
• Advising you of the consequences of a default under your mortgage, including the potential for a deficiency judgment and the possible tax consequences involved with debt reduction.
• Negotiating loan modification and workout agreements with your mortgage lender to allow you to keep your home or investment property.
• Representation of buyers and sellers in short sales of real property including negotiations with lenders.
• Deed-In-Lieu of foreclosure procedures, allowing the home owner to give the property voluntarily back to the lender. Often, the debt or deficiency is forgiven. A Deed-In-Lieu will not save your home, but may be used to avoid a long legal process, and expense of a foreclosure and increase your chances of getting a loan in the future.
• Principal Reduction is the most revolutionary development in mortgage modification history. Principal Reduction represents an effective solution for countless homeowners whose home value is "underwater," meaning the value of the home is less than the amount of the mortgage note.
• Forbearance arrangements provide short-term relief for borrowers who have temporary financial problems.

Most people don't know that once the foreclosure proceeding has started, the bank will not accept any future mortgage payments. Doing so may adversely impact the bank's ability to foreclose on your property. Furthermore, the bank usually pays any delinquent real estate taxes and the insurance on the property. In summation, once the bank files a foreclosure lawsuit, most of the homeowner's expenses are being paid by the bank. However, as the legal owner of the house with full possession, you have all the rights associated with same including residing in your home or collecting rents on the property. Imagine the "EQUITY" you can build, if you fight to avoid foreclosure for a year or more. The cost of qualified legal representation by a foreclosure attorney can be a drop in the bucket compared to your typical home ownership overhead. Time is money and the real estate and financial markets are likely to turn around. Hiring the right foreclosure attorney could save you thousands of actual dollars, in addition to thousands in time value of money.

Contact Us
The foreclosure attorneys at Kennedy Law Group in central Florida offer practical solutions with a personal approach for your legal issues. For an appointment, call us at 800-207-0005 or fill out our foreclosure help form. Our location is accessible to clients in Hillsborough, Pinellas, Pasco, Manatee, Sarasota, Orange, Osceola, Lake, Polk, Citrus, and beyond. We offer weekday, evening and weekend appointments, and accept credit cards for your convenience.