You may be able to keep your home in Largo, Florida. The first strategy to consider when the Bank threatens to take your home in Largo, Florida is not to mediate, not to move, and not to file for Bankruptcy. The best strategy is to defend your home against the foreclosure.
Largo, nestled in Pinellas County and close to the Gulf of Mexico, is a thriving city with a population of about 84,000. It’s known for landmarks like Largo Central Park and the Florida Botanical Gardens, offering residents a blend of natural beauty and community activities. The Largo Cultural Center adds a vibrant touch to the city’s cultural scene.
While Largo is inland, it provides a peaceful suburban feel with easy access to coastal attractions. Its diverse neighborhoods, including the revitalizing historic downtown and the scenic East Bay Golf Club area, cater to a variety of lifestyles.
The city’s growth is evident with a median household income of around $41,000 and home values averaging $180,000. The economy is bolstered by local businesses and retail centers like the Largo Mall.
Residents enjoy a warm climate, ideal for outdoor enthusiasts, and community events such as the Largo Taste Fest. The cost of living here is more affordable compared to many Florida coastal cities, attracting families and retirees. Largo’s schools are commendable, enhancing its family-friendly reputation.
Largo’s proximity to Tampa, St. Petersburg and Clearwater offers additional employment and entertainment opportunities, making it a balanced choice for those seeking suburban tranquility with urban accessibility. This city represents a perfect mix of community spirit, affordability, and access to Florida’s famous beaches and city life.
As of 2021, Florida maintained its position as having one of the highest foreclosure rates in the U.S., second only to Delaware. Attom Data Solutions, a prominent real estate data provider, reported Florida’s foreclosure rate at 0.29%, surpassing the national average of 0.11%.
In Florida, foreclosure filings touched 18,561 properties in 2021, marking a significant 70% drop from the 2009 peak of the foreclosure crisis. Focusing on Largo, within Pinellas County, there were 1,316 properties facing foreclosure filings in 2021. This translates to a foreclosure rate of 0.12% in the county, slightly above the national average but below Florida’s overall rate.
While Largo’s foreclosure rate is relatively moderate compared to some other regions in Florida, it’s still a pressing concern for homeowners. For context, Miami-Dade County recorded a foreclosure rate of 0.37% in 2021, and Orange County had 0.19%. In comparison, areas like Hillsborough County and Jacksonville reported lower rates than Largo and the broader Pinellas County.
This data underscores the importance of effective foreclosure defense strategies in Largo, offering a crucial lifeline for homeowners navigating these challenging circumstances.
As a foreclosure defense attorney based in Pinellas County, Florida, I understand the distress that being foreclosed upon can cause. It is important to seek the assistance of an attorney because they can provide valuable guidance and representation throughout the foreclosure process.
Firstly, a foreclosure defense attorney can review the foreclosure documents and ensure that proper procedures have been followed by the lender. They can also identify any violations of state or federal laws that may exist in the foreclosure process, and use this information to your advantage.
Secondly, a foreclosure defense attorney can negotiate with the lender on your behalf. This may include seeking a loan modification, negotiating a repayment plan, or even delaying the foreclosure process to allow for alternative solutions.
Thirdly, if litigation becomes necessary, a foreclosure defense attorney can represent you in court. They can challenge the foreclosure, present legal arguments and evidence, and fight for your rights and interests.
Lastly, a foreclosure defense attorney can provide emotional support throughout the process. Facing foreclosure can be overwhelming and stressful, and an attorney can provide reassurance, support, and guidance to help you through this difficult time.
In summary, if you are facing foreclosure in Largo, Florida, it is essential to seek the assistance of a foreclosure defense attorney. They can protect your legal rights, negotiate with the lender, represent you in court, provide much-needed emotional support, and even help you keep your home in Largo.
The Law Office of Mark Schleben provides experienced, strategic and aggressive foreclosure defense for clients living in the west-central Florida counties of Pinellas, Hillsborough, Pasco, Hernando, Manatee, and Polk.
Having been admitted to the Florida Bar in 1981, Attorney Mark Schleben has vast experience as a litigator and trial attorney, representing clients in thousands of cases, both in Federal and State courts, covering a wide range of legal issues including criminal defense, divorce, estate planning, complex civil litigation and bankruptcy. Since the housing and economic crash of 2007-2008, Mr. Schleben has focused much of his practice on foreclosure defense, and on working out settlement agreements with lenders when appropriate.