Gulf Coast Legal Centers handles foreclosure defense in the greater Tampa Bay area. Our legal team works tirelessly to keep our clients in their homes. Foreclosure is when a lender seeks to immediately terminate any rights and interests a homeowner has in their own property. Foreclosure occurs after the borrower has defaulted on some aspect of their loan, typically nonpayment of the promissory note. Upon default, the lender can usually accelerate the loan and demand that the entire remainder of the loan be repaid instantly. Since the economic recession of 2008, some properties have been reduced to nearly half of their price at the time of purchase. Individuals who have encountered hardships such as job loss, divorce, disability or a decrease in business profits find themselves unable to make payments on their loan, which is often significantly more than the current market value of their home.
Whether you are worrying about possible foreclosure or your lenders have already begun the process of foreclosure, contact Gulf Coast Legal Centers immediately to discuss your case with an attorney, free of charge. Failure to act after foreclosure proceedings have been initiated can result in the loss of certain rights! Gulf Coast Legal Centers handles foreclosure defense in Hillsborough, Hernando, Pinellas, Pasco, Polk, Sumter, Citrus and Sarasota counties.