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How to Stop Foreclosure Once It’s Started

Back To Foreclosure Defense Video Help Page

Back To Foreclosure Defense Video Help Page

As I mention in the video, it’s not easy to stop foreclosure when it’s in the bank’s interest to keep going down that path. Your best bet is to tackle the problem early and often—don’t just contact the bank and try to work with them; get a good lawyer so that you’ve got someone on your side who understands how this works and can put pressure on them.

How soon should you be doing this? As soon as you know you might have a problem, and certainly before the bank turns in a Notice of Default. Once that happens, foreclosure has already begun and your options become limited.

Speak with an experienced Florida attorney at our firm today.
Call 855-Kramer-Now (855-572-6376)
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Stop Foreclosure: Limited Options Doesn’t Mean No Options

Even though it’s tough, there are still things that you can do to prevent the foreclosure from going through once the bank has started the process, and a good lawyer can help.

Put it up for sale. Just because the bank won’t agree to stop the foreclosure process doesn’t mean you have to just hand over the house. If you think you can get a decent price, try selling it. Seek out a few good realtors in your area and interview them to see what they think they can get and how long it would take. Selling the home will stop foreclosure for good.

Explore Orlando short sales. Do you owe more on your loan than the house is actually worth? If so, you can start a type of home sale that is becoming increasingly popular in Orlando. Short sales can be a great way to cut your losses in a home and get out with only minor damage to your credit—unlike with foreclosure, which can have lasting repercussions. The negative is that your bank has to agree to the short sale, which is why you want a good lawyer doing the talking for you.

Try to negotiate a deed-in-lieu. Earlier I mentioned that you don’t have to just hand over your house, but sometimes that might be the best option to avoid foreclosure. With a deed-in-lieu, you’re literally giving the deed to your home to the bank so that they own it instead of you. In return, they will forgive your loan and stop foreclosure so that you can walk away. With a deed-in-lieu your mortgage is considered paid in full, and they bank cannot seek a deficiency judgment against you. Using a deed in lieu should be carefully considered to stop foreclosure, and you must meet certain qualifications.

Before you make any decisions, be completely informed. An Orlando foreclosure attorney at TK Law can advise you and help arrange these and other ways to stop foreclosure that work best for your unique situation.

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The Orlando divorce lawyers at TK Law are deeply committed to the individuals and families they serve. We are here to help you resolve each legal concern so you can regain control and move forward with your life. You will also have a steadfast, accomplished advocate in your corner to fight for what matters most if a dispute goes to trial.

We know how overwhelming conflict can be and how painful it is to see a marriage end. We will guide you through this difficult process before, during and after your divorce.

Contact our offices today to schedule a confidential consultation with one or our family law attorneys, or call us at 855-572-6376.

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Chris O.
Dec. 2023
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This was first experience hiring a law firm and I am very happy that I hired TK Law. My attorney Janelise and Paralegal Kayla were kind, knowledgeable and made the process easy. They were quick to respond when I needed revisions to my document and the final outcome was perfect. If I ever need legal help in the future, I will not hesitate to contact TK Law again.
Carmen D.
Mar. 2024
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I give this law firm a 5 star. Ray and Janelise helped us with our probate issue and made the process a lot easier for us to finalized all of it. We're very thankful to this law office and recommend them for any legal issues.Thank you Janelisse and Ray and the entire office .
Roy P.
Mar. 2024
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Gastell and Kayla were awesome! They helped me make it through a very challenging time in my life with kindness and compassion. They were always available to answer my questions and kept me up to date. Their counsel was extremely helpful in aiding a resolution that I am very satisfied with.
Alysia T.
Jan. 2024
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I am thankful to Janelise and Kayla at TK Law for a fantastic job. Kayla guided me through every step of my divorce process. She is patient, professional, and honest. I highly recommend them!

*Top-rating from clients and award publications such as Orlando Weekly, US News & more.​

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