Navigate Foreclosure Challenges With Dedicated Deficiency Defense Lawyers In Plantation
When facing foreclosure, homeowners find themselves in a precarious financial situation. One reason for this is that lenders may pursue a deficiency judgment to recover the remaining balance after a foreclosure sale, leaving homeowners vulnerable to aggressive collection efforts and devastating financial hardships. This is where working with deficiency defense lawyers becomes crucial.
Our lawyers at Light & Gonzalez, PLLC, understand the stress and uncertainty that come with facing a deficiency judgment in foreclosure cases in Florida. This understanding is what drives us to provide compassionate, personalized legal support to each of our clients. Our team brings over 20 years of combined experience in real estate law and foreclosure defense to your case.
Deficiency defense is a critical aspect of foreclosure defense that protects you from the financial fallout of a deficiency judgment. It involves challenging the lender’s right to pursue additional money from you after the foreclosure sale. If you find yourself in this situation, our experienced attorneys can advocate on your behalf to reduce or eliminate the deficiency amount, potentially saving you thousands of dollars. As trusted deficiency defense lawyers serving individuals and families in Plantation and surrounding communities in Florida, we will work tirelessly to safeguard your rights and your financial interests.
What Is A Deficiency Judgment?
A deficiency judgment in foreclosure cases is a court ruling that holds you, the borrower, personally responsible for the remaining balance on your mortgage after the foreclosure sale. This means that even after your home has been foreclosed upon and sold, lenders can still pursue legal action to recover the difference between the sale price and the amount you owe on the mortgage.
In Florida, lenders have the right to seek a deficiency judgment, which can lead to wage garnishment, bank account seizures and other aggressive collection efforts. This can have severe financial consequences for individuals and families already struggling with the loss of their homes.
As deficiency defense lawyers in Plantation, we have seen the devastating impact of deficiency judgments on individuals’ and families’ foreclosure or underwater mortgages. That is why we aim to help our clients understand their options and rights when facing a potential deficiency judgment. At Light & Gonzalez, PLLC, we always conduct a thorough examination of each case we handle, identifying potential defenses and developing a strategy tailored to our clients’ specific needs and circumstances.
How To Challenge A Deficiency Judgment
Challenging a foreclosure deficiency claim requires a thorough understanding of real estate law and a strategic approach. Our team of foreclosure defense lawyers is well-versed in various defense strategies. Here are some potential grounds for challenging a deficiency claim:
- Lender conduct: We scrutinize the lender’s actions throughout the foreclosure process. If we find evidence of predatory lending practices, violations of foreclosure laws or failure to follow proper procedures, we can use this to challenge the deficiency judgment.
- Equity: In some cases, we can argue that it would be inequitable or unfair for the court to grant a deficiency judgment. This might apply if you have experienced severe financial hardship due to circumstances beyond your control, such as job loss or medical emergencies.
- Breach of peace: If the lender or their agents used intimidation, threats or other improper tactics during the foreclosure process, we can use this as grounds to challenge the deficiency judgment.
- Military service: Under the Servicemembers Civil Relief Act, active-duty military personnel have special protections against foreclosure and deficiency judgments. We ensure these rights are upheld for our service member clients.
- Missing/damaged property: If the lender fails to properly maintain the property during the foreclosure process, resulting in damage or loss of value, we may be able to contest the amount owed.
We understand the nuances of Florida foreclosure law and how to leverage them in your favor. As your legal allies, we will thoroughly investigate your case, identify potential defenses and vigorously advocate for your best interests.
Talk To Our Skilled Deficiency Defense Lawyers In Plantation Today
Challenging a deficiency judgment is a complex process that requires a deep understanding of real estate law. Do not face this challenge alone. Contact our office at 754-778-9911 or email us through our online form. Our team is here to guide you through every step of the process, from assessing the validity of the deficiency claim to representing you in court if necessary.
