The housing bubble that burst not too long ago reminded everyone that foreclosures are for real, and they can happen in the blink of an eye. During the economic slump, many families and households were left homeless due to their inability to pay their suddenly oh-so-steep mortgage payments. A foreclosure is not something that anyone ever wants to have to go through, but if the threat of it happening already looms over you, it’s best to equip yourself with the knowledge on how to go about things the right way.
There are two types of foreclosure: judicial and non-judicial. In the state of Florida, judicial foreclosures are more typical, and the region originally had one of the longest periods to effectuate an uncontested foreclosure. However, recent reforms have sought to expedite the process, greatly hurting the chances for homeowners to recover their houses in time. Worse, the changes in the state’s ruling currently mandate that foreclosure judgments made are final and can’t be invalidated.
Foreclosures are best dealt with as early as possible, and with legal support. Even if Florida’s foreclosure laws have grown strict and prevent you from challenging judgments, you still have the option to pursue damages against your creditor. You will need a professional legal advisor to see you through such a convoluted and frustrating process, so consider hiring a lawyer the moment you receive a complaint.
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