Tampa Bay Florida Foreclosure Rate highest in country!
1 in every 1,373 homes are in foreclosure in tampa FLORIDA
In a recent article, Tampa Bay led the nation in the highest foreclosure rate in the country. Our area sees roughly three times as many foreclosures as the national average. At Dunivan Law, PA, our career started in the trenches providing homeowners with foreclosure defense options. Were pretty far removed from the 2008 housing crises, but many home owners fear that this can be a repeat of those times.
As we see an increase in calls relating to foreclosure and home loan defaults, and we face greater a few reminders for those who aren’t sure where to start:
Find out how much is owed on your mortgage or mortgages.
Find out how much your home is worth by either getting an appraisal or talking to a real estate agent.
If you are facing increasing mortgage payments, an income that is not increasing, and have a lot of equity, selling your property now (or in the near future) may be a great option. If you want to keep your home - look at your mortgage rate. Some borrowers who purchased in 2020 or 2021 may be able to find lower rates now than they did back then. For most, unfortunately, interest rates have only gone up.
Already behind on your mortgage payments? Contact your lender - a loan modification may be an option for you.
Do you owe more on your home than you are required to pay to your mortgage company or other lien holders? A short sale may be an option for you.
Avoid foreclosure scams and foreclosure rescue scams - these are on the rise in the state and throughout the country as home owners feel the pressure of the current economy with increased cost of living, increased inflation, and tariffs.
Still not sure where to turn? Schedule a consultation with a Florida Foreclosure Defense Attorney today to review your mortgage statement, go over options, and plan ahead.
Our firm has been here before, and we’re here to help now. We’ve successfully defended foreclosure matters in court, and helped countless home owners work things out with their bank. At Dunivan Law, we help homeowners from the open house to the court room. Give us a call at 813.252.0239.
