Tampa Foreclosure Attorney

Save Your Tampa, Florida home from Foreclosure by filing for Bankruptcy
Is the bank threatening to foreclose on your house?
Are you a Tampa, Florida resident searching for a way that can help you save your home from Foreclosure?

If you are concerned that you may loose your Florida home to mortgage foreclosure, contact the Owens Law Firm, to schedule a free bankruptcy consultation. Timothy Scott Owens is a former Florida assistant state attorney and an active member of the Florida Bar Association who has assisted people just like you in saving their homes from foreclosure in Florida and to get a fresh financial start on the road to financial stability through Chapter 13 bankruptcy protection.

When a Tampa homeowner gets behind on their mortgage payments, the lender can foreclose on the mortgage and sell it at a foreclosure sale. The lender does not have to work with you to avoid foreclosure and they don't have to allow to catch-up on your payments.

How Chapter 13 Bankruptcies Can Stop Your Foreclosure in Florida

Chapter 13 bankruptcy in Florida is a debt repayment plan that a homeowner can proposes to the bankruptcy court, and once approved, can be used by the homeowner to avoid foreclosure.

In order to qualify for Chapter 13 bankruptcy, the homeowner must have a stable source of income and enough disposable income to make the regular monthly payment on the mortgage payment as well as a catch-up payment.

In a Chapter 13 bankruptcy to prevent foreclosure, the homeowner pays the mortgage company the regular monthly payments, and a catch-up payment. As long as the homeowner follows the plan and makes their payments, the mortgage lender cannot bring or continue with any foreclosure proceedings. At the end of the plan, all back payments will have been paid in full and the home will be safe from foreclosure.

You are allowed to file for Chapter 13 debt reorganization before or after a foreclosure suit has been served. You can even file just before the foreclosure sale in order to stop the sale.

If you are behind in your payments and cannot work out terms with your lender, but want to save your home, contact Timothy Scott Owens at the Owens Law Firm to schedule a FREE Tampa Florida bankruptcy consultation today, you'll be glad you did!