Foreclosure Attorneys in Jacksonville
Are you behind on your mortgage payments? Foreclosure may be on the horizon. Florida is a judicial foreclosure state, which means your lender needs to go through the court system before evicting you and selling your property. They will also need to wait to do so until you have been delinquent for more than 120 days.
Despite this pre-foreclosure period, acting quickly is imperative. The sooner you obtain professional support, the higher your likelihood of implementing a successful foreclosure defense strategy and protecting your home.
At Edwards & Edwards, P.A., our Jacksonville bankruptcy attorneys are prepared to fight tenaciously for your rights and wellbeing. With over half a century of combined experience, we have what it takes to thoroughly assess your situation, determine the most appropriate way forward, and guide you through the foreclosure defense process with efficiency and care.
Bankruptcy and Foreclosure
Most people associate bankruptcy with the loss of property. However, bankruptcy allows countless homeowners each year to obtain temporary protection from their lenders and even avoid foreclosure altogether.
When you file bankruptcy, the court will issue an order called the automatic stay. The automatic stay halts all collection activities, from phone calls to foreclosure. During the entirety of your case, this order will protect you from creditors, lenders, and debt collectors who want to seize your property or collect what you owe in any other way.
Chapter 13 bankruptcy is typically the most effective way to prevent foreclosure. The automatic stay lasts for 3-5 years (i.e. the duration of your payment plan), giving you ample time to catch up on arrears. If you are caught up on payments by the end of your case, you will effectively rescue your home from foreclosure.
Our attorneys at Edwards & Edwards, P.A. can help you utilize Chapter 13 in the most effective way possible. If your goal is to prevent foreclosure, we are ready to use our decades of experience to help you find the right way forward.
Other Foreclosure Defense Options
Chapter 13 bankruptcy is not the only way to avoid foreclosure. You might also benefit from a mortgage modification, in which we negotiate with your lender for better terms.
The result of these negotiations might include:
- A lower interest rate
- Lower monthly payments (by extending the length of the plan)
- Delinquent payments added to the end of the plan
Alternatively, our attorneys might recommend a short sale, which is when you sell your home for less than what you owe. This can be difficult to achieve, and it comes with certain risks, which is why you should consult with our team before moving forward.
No matter what type of foreclosure defense strategy we select, you can trust us to guide you with care, foresight, and efficiency. Your best interests are our top priority at all times.
With decades of experience in a vast range of practice areas, our attorneys are fully equipped to help you navigate your legal challenge. We use our multifaceted perspective to provide each client with extensive information regarding their options and rights, and we develop legal strategies from scratch to suit each unique situation. If you are looking for a team of attorneys who genuinely care for you and your loved ones, look no further than Edwards & Edwards, P.A.
Over 50 Years of Combined Experience
Wide Range of Legal Services Available
Responsive to Client Communication
Sister-Owned Firm, Entirely Run by Women