Foreclosure Law

In the current economy, many people are struggling to pay their bills.  The Associated Press reports that in 2010, more than one million U.S. homeowners will lose their homes through foreclosure.  However, this does not mean foreclosure is inevitable for you and your family.  To prevent foreclosure, one of the most proactive steps you can take is to have a knowledgeable lawyer represent you and provide a defense to the bank's foreclosure action.

Being delinquent in your mortgage payments can lead to your lender taking legal action against you.  If they do, you will receive a petition from the court notifying you that the lender intends to pursue foreclosure litigation and take your property.  After receiving a foreclosure petition, you have 20 days to file a response with the court.

If you receive a foreclosure petition, it is vital that you contact the Law Office of Znosko & Reas P.A. immediately.  A foreclosure lawyer in Orlando can help you understand them and plan your defense.  These days, judges are more sympathetic to challenging foreclosures.  The possibilities for foreclosure defense include:

• Unconscionable mortgage terms

• Failure to follow Florida foreclosure laws

• Error by the mortgage servicer

• Violations of the Truth in Lending Act

At the Znosko & Reas, our foreclosure attorneys understand the nuances of the Florida foreclosure laws.  We explore every possible defense that may allow you to keep your home.  If it is not possible to terminate your foreclosure action, you can delay foreclosure and explore other options, such as:

• Selling your home

• Refinancing or loan modification

• Forbearance

• Chapter 13 bankruptcy

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