Foreclosures are on the rise here in Southwest Florida.
Back in 2006, Lee County had one of the highest foreclosure rates per capita in the United States. The reason was they are on the rise is likely twofold.
A relatively recent Florida Supreme Court case regarding the statute of limitations on foreclosure and second mortgages decided that the values of property have risen sufficiently to recover proceeds from an auction. It is very important to hire an attorney if you are served with foreclosure paperwork.
An experienced lawyer can determine if there are any defenses—such as standing or failure to reestablish a lost note—available to provide you with more time to get your finances in order or stop the process entirely. He or she can also investigate any modifications or settlements that ensure no judgment is entered against you for the deficiency judgment.
The costs of foreclosures are not prohibitive especially during a period you may remain in the property throughout the proceedings. At Powell, Jackman, Stevens & Ricciardi, P.A., our legal team has represented hundreds of foreclosure defense cases. With more than 70 years of combined legal experience, we understand how important and invaluable it is to have an attorney on your side.