Is the foreclosure moratorium over?
Yes. The Federal Foreclosure Moratorium expired at the end of July 2021 after nearly 17 months. In Florida, Governor Ron DeSantis, ended the Florida Foreclosure Moratorium in September of 2020.
What does this mean for homeowners who are behind on their mortgage payments and in default?
In nearly every mortgage there is a “Notice of Acceleration” clause that requires the lender to send a letter to the homeowner. This letter notifies the homeowner of the total amount due to the lender in order to reinstate the loan. This means that it gives the homeowner a deadline to pay the total amount due to the lender. Thirty days after the lender sends this letter, if they have not received the total amount due, they can file a foreclosure case against the property owner.
If you are behind on your mortgage payments or already have a foreclosure case filed against you, it is time to take action. Kyle & Kyle Law has worked with thousands of homeowners throughout the State of Florida. If you want to keep your home, you may have one or more options. Options are intentional actions you can take to stop the foreclosure. You can read more about these options here.
We offer free consultations with an attorney. During the consultation, we can help you understand your options, help you decide what to do next, and we may be able to handle your case in court. Take control of your future and contact us today. Visit our website at www.kyleandkylelaw.com to schedule a consultation with an attorney or contact our office at 877-595-3529. We believe everyone deserves to smile and we want to help.