If you own your own home, one of your greatest fears right now may be losing your home to foreclosure. The high unemployment rate, dropping salaries and increased taxes are conspiring to create the highest percentage of foreclosure filings within the last few months since the 1980's. If you are facing foreclosure on your house, you are probably looking for the answers to dozens of questions about foreclosure.

Whether you are facing the possibility of foreclosure or if your house is already being foreclosed on, you should be aware that many homes can be saved from foreclosure. Whether by short sale or by making payment arrangements, you may not have to accept a foreclosure on your credit report.

If you are in the Fort Myers, Cape Coral or Lee County areas, resigned to your home being foreclosed on, you should be aware that Florida allows for deficiency judgments against homeowners whose homes have been foreclosed on. This means that, if your home sells at auction for less than the amount you still owe on your loan, you may be held liable by the courts to pay the difference. The best way to avoid a deficiency judgment is to get started immediately by talking to the experienced real estate attorneys here at Lusk, Drasites, Tolisano & Smith, P.A., to find out what you can do to be free of debt on a house you no longer own.

To find the answers to your foreclosure questions today, please contact us and get started on the path to protecting your future.