When faced with a foreclosure, you need to know your legal rights. Stephen K. Hachey, a Tampa foreclosure attorney, is dedicated to helping homeowners facing foreclosure with expert, realistic advice and solutions. He stands out among Tampa foreclosure attorneys by utilizing legal strategies and tactics to protect your rights as a homeowner by forcing the bank to prove its foreclosure case. This provides you, the homeowner, time to assess alternatives such as short sales, loan modifications, and deed in lieus. There are several myths and misconceptions regarding foreclosures in Tampa, Florida. Understanding the foreclosure procedure including, what can and cannot happen and what to expect will help you prepare or avoid any potential problems when dealing with eviction as well as the impending foreclosure. Tampa foreclosure attorney Stephen K. Hachey has over six years of experience in helping homeowners stay in their homes and avoid foreclosure. He works with lenders daily on behalf of his clients to help protect their interest and he can help you too. Call 813-549-0096
today for a free consultation
When Does The Foreclosure Process Actually Start?
The most typical misconceptions regarding foreclosures deal with the timing necessary for this process to start. Many people believe that their loan provider can start foreclosure proceedings the first day past your due date, while others believe a foreclosure cannot start until you have been past due for a couple months. Unfortunately neither is completely correct. You have a very specific window of time to act to delay or stop the foreclosure process, if possible. If you have recently received the first notification that the bank is starting the foreclosure process, you should contact Stephen K. Hachey a Tampa foreclosure lawyer immediately at 1-813-549-0096 for a free consultation and to strategize your best course of action.
Basic Outline Of The Tampa, FL Foreclosure Timeline
1. Days 1 – 20:
Complaint/Lis Pendens is filed and recorded in the county records. You may be served at this point. 2. Days 20 – 30:
Service/ Served – Official notice the foreclosure has been processed. Do not ignore the complaint. It is absolutely critical that you act before the court enters a default; you only have 20 days to file a response. At this point it is highly recommended you contact one of our experienced Tampa foreclosure lawyers at the Law Offices of Stephen K. Hachey for a free consultation to go over your options. 3. Days 90 to 150:
Judgment Hearing. The judge will grant the lender a foreclosure judgment and set a sale date, usually 30 days out if you do not hire an attorney and fight back. 4. Days 120 to 150:
Foreclosure sale and eviction. The home or property will be sold to the highest bidder at a public auction. A bankruptcy must be filed prior to the foreclosure sale, or the home or real estate will be lost forever! 5. 10 Days after the sale:
Transfer of Title at this time you no longer own the property can be evicted.
Don’t Ignore the Problem
Some people think that a foreclosure notice is nothing but a empty threat, however the lender usually has thousands of dollars invested in your property and has a responsibility to the shareholders to use all methods available to recover the money or the property. Foreclosure is a serious matter and many lenders will ultimately follow-through on the foreclosure process, even though other viable options exist.
Is Refinancing an Option?
Another option that many people are unaware of is that they may qualify for a new loan from another lender or even the same lender who is processing the foreclosure. You are allowed to borrow money against your home even during the foreclosure process long as you pay off the current lender with the proceeds of the new loan.
Tampa Foreclosure Defense You Can Count On
Remember, not all foreclosures situations are the same. When you contact a Tampa foreclosure lawyer at the Law Offices of Stephen K. Hachey, you will get astute and attentive advice on your specific situation. They can also help you discover some additional solutions that you may not be aware of. Stephen K. Hachey, an experienced Florida foreclosure attorney, can not only help you determine your options, but he can advise you on the best course of action based on your unique situation. The Law Offices of Stephen K. Hachey proudly serves all of Central and West Florida beyond the Tampa area. These markets include Orlando
, St Petersburg
, Wesley Chapel
, New Tampa
, South Tampa
, Land o Lakes
, Ft Myers
, Cape Coral
, Bonita Springs
and everywhere in between.
If you are faced with losing your home due to foreclosure, call the Law Offices of Stephen K. Hachey for a free consultation now at at 813-549-0096