Blog > Just Received a Lis Pendens Notice in Tampa? Here's Your Action Plan
Experiencing foreclosure can be daunting, but it's a situation you can manage effectively. In Florida, receiving a lis pendens is a crucial signal to take immediate action. This blog will guide you through key financial steps to navigate foreclosure, whether you're looking to save your home or considering selling. Remember, you're not alone – we're here to provide trusted resources and support every step of the way. 🤝🏠
Understanding Lis Pendens:
Lis pendens, a legal term for a notice of foreclosure litigation, marks the beginning of the foreclosure process for your property in Florida. It's a critical alert that requires your urgent attention and appropriate action. 🚨
Your Financial Checklist After Lis Pendens:
- Catch Up on Mortgage: Address any overdue mortgage payments as soon as possible.
- Attorney Fees: Anticipate potential legal costs if the foreclosure process advances.
- Per Diem Charges: Be aware of the accumulating daily interest on your mortgage.
- Late Fees and Penalties: Keep track of any additional fees that may increase your debt.
- Property Taxes and Insurance: Stay current on these to prevent additional complications.
- HOA Fees: Continue payments to avoid further legal challenges, if relevant.
Pro Tips:
- Understand Your Mortgage Terms: Review your contract for clarity on fees and obligations. Understand the true cost.
- Seek Expert Foreclosure Advice: A professional advisor can offer tailored strategies for your situation.
Foreclosure can be challenging, but timely, informed action can significantly mitigate its impact. Need personalized guidance? Our team is ready to assist you. If you are interested in saving your home, Contact the TJM Home Team now for a free consultation with a local attorney to discuss a payment plan or get the facts on Bankruptcy. We'll help you understand your options and navigate the process effectively. Don't navigate this journey alone – let us support you in finding the best path forward. 💡📞
Disclaimer: This blog offers general information and is not intended as legal advice. For advice specific to your situation, always consult a qualified professional. 📘