Phone: (407) 476-
Orlando Foreclosure Attorney
Orlando, Florida 32801
Foreclosure Attorney Michael Stites
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Orlando FL, 32801
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What is a Mortgage Foreclosure?
A mortgage foreclosure is an action in equity that gives the bank permission to auction your home and receive a monetary judgment against you not been making your monthly mortgage payments.
After you are 60 days past due on your mortgage payments a foreclosure notice, notice of default, or notice of intent to accelerate can be sent to you. There are two kinds of mortgage foreclosures: Judicial and NonJudicial. The type of foreclosure that applies to you depends on what state you live in.
To put it simply:
If you don’t pay your mortgage, the bank will seek permission to sell your home to get back the money you owe them.
Foreclosure FAQs
What is a home mortgage foreclosure?
- What is a Mortgage Foreclosure?
- What Happens When my House is Foreclosed on?
- How Can I Stop the Bank from Taking my Home?
- How Long Can I Stay in my Foreclosed Home for?
- What will Happen if I Let the Bank Foreclose on my House?
- How Can I Get My Bank To Lower My Rate so I Can Avoid Foreclosure / How to get my bank to negotiate with me? (Loan Modification)
- Is Bankruptcy Able to Stop a Foreclosure? (Suggestion of bankruptcy)
- Am I Able to Just Give my Home Back to the Bank? (Deed in lieu of foreclosure)
- Am I Able to Sell my House for Less than What I Owe on it? (Short Sale)
- What Happens if Renters are Living in a Property being Foreclosed on?
