Florida Foreclosure Fighter

Florida Foreclosure Help

In Florida, Foreclosure is a legal process with no redemption where the lender takes back ownership of mortgaged property and sells it because the owner is delinquent. Florida is a "mortgage state" in which property owners facing foreclosure must go to court to rectify the situation.

Rather than losing your home or investment properties, you can get the help you need from Hagen & Hagen, Florida's Foreclosure Fighters. We are in your corner when dealing with banks, restructuring debt, and understanding complex foreclosure law.

Fight back from foreclosure and win with the help of the Florida Foreclosure Fighter, Hagen and Hagen, P.A.!

Foreclosure

Foreclosure proceedings take place in a court of law and allow a lender (usually a bank) to take possession of a property due to non-payment of a loan that is secured by that property. The bank can then sell the property to recover their money.

It is imperative to act quickly when facing foreclosure. When you contact your lender early, there is a greater chance your lender can help you stay in your home, or at least help you avoid foreclosure while you try to sell your home. Other options such as refinancing, a short sale, alternate financing, temporary arrangements with the lender, or even bankruptcy may present homeowners with ways to avoid foreclosure.

Hagen and Hagen, Florida Foreclosure Fighters can help you navigate the difficult decisions that must be made when facing foreclosure.

Mortgage state
Florida is a mortgage state which means the property owner holds title --unlike deed of trust states that allow title to be held by a third party. In Florida, the mortgage holder has rights that can help him in foreclosure.

Judicial process
In mortgage states, property owners facing foreclosure must go to court to rectify the situation. Having experienced representation can help you better resolve issues in your favor.

Timeline in months
Since the courts are involved, a foreclosure in Florida can take approximately five to seven months or longer.

Redemption period
There is no redemption period in Florida meaning that property owners loose all claim on a property after foreclosure. The time to protect your interests is now.

Resolution

The foreclosure process can end one of four ways:

1. Reinstate the loan: By paying off the defaulted amount, the loan can be reinstated during the pre foreclosure period.

2. Sell the property: To pay off the loan, the borrower/owner sells the property to a third party during the pre foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history.

3. Assume A Loan: A third party buys the property at a public auction at the end of the pre-foreclosure period and may assume all debts associated with the property.

4. Bank Foreclosure: The lender can take ownership either through an agreement with the owner during pre-foreclosure, via a short sale foreclosure or by buying back the property at the public auction. Properties repossessed by the lender are also known as bank-owned or REO properties (Real Estate Owned by the lender).

Experienced representation by the Law Firm of Hagen and Hagen can help secure your rights and minimize financial damage done in foreclosure proceedings.

	Florida Foreclosure Help In Florida, Foreclosure is a legal process with no redemption where the lender takes back ownership of mortgaged property and sells it because the owner is delinquent. Florida is a "mortgage state" in which property owners facing foreclosure must go to court to rectify the situation. Rather than losing your home or investment properties, you can get the help you need from Hagen & Hagen, Florida's Foreclosure Fighters. We are in your corner when dealing with banks, restructuring debt, and understanding complex foreclosure law. Fight back from foreclosure and win with the help of the Florida Foreclosure Fighter, Hagen and Hagen, P.A.!
Foreclosure Foreclosure proceedings take place in a court of law and allow a lender (usually a bank) to take possession of a property due to non-payment of a loan that is secured by that property. The bank can then sell the property to recover their money. It is imperative to act quickly when facing foreclosure. When you contact your lender early, there is a greater chance your lender can help you stay in your home, or at least help you avoid foreclosure while you try to sell your home. Other options such as refinancing, a short sale, alternate financing, temporary arrangements with the lender, or even bankruptcy may present homeowners with ways to avoid foreclosure. Hagen and Hagen, Florida Foreclosure Fighters can help you navigate the difficult decisions that must be made when facing foreclosure.	Mortgage state Florida is a mortgage state which means the property owner holds title --unlike deed of trust states that allow title to be held by a third party. In Florida, the mortgage holder has rights that can help him in foreclosure. Judicial process In mortgage states, property owners facing foreclosure must go to court to rectify the situation. Having experienced representation can help you better resolve issues in your favor. Timeline in months Since the courts are involved, a foreclosure in Florida can take approximately five to seven months or longer. Redemption period There is no redemption period in Florida meaning that property owners loose all claim on a property after foreclosure. The time to protect your interests is now.	Resolution The foreclosure process can end one of four ways: 1. Reinstate the loan: By paying off the defaulted amount, the loan can be reinstated during the pre foreclosure period. 2. Sell the property: To pay off the loan, the borrower/owner sells the property to a third party during the pre foreclosure period. The sale allows the borrower/owner to pay off the loan and avoid having a foreclosure on his or her credit history. 3. Assume A Loan: A third party buys the property at a public auction at the end of the pre-foreclosure period and may assume all debts associated with the property. 4. Bank Foreclosure: The lender can take ownership either through an agreement with the owner during pre-foreclosure, via a short sale foreclosure or by buying back the property at the public auction. Properties repossessed by the lender are also known as bank-owned or REO properties (Real Estate Owned by the lender). Experienced representation by the Law Firm of Hagen and Hagen can help secure your rights and minimize financial damage done in foreclosure proceedings.

Hagen & Hagen, P.A., 3531 Griffin Road, Ft. Lauderdale, Florida 33312 (954) 987- 0515