UPDATE:With the New Legislative session approaching, Your Tampa Foreclosure Attorney will soon be reaching out to local Florida congressmen about the foreclosure process impacts Tampa homeowners. For Florida we will discuss the foreclosure process and the state requirements to prove the bank has done acted properly. On the Federal level your Tampa Foreclosure Defense Lawyer will request better mortgage modification rules, and added benefits in Chapter 7 and Chapter 13 Bankruptcy. If you have comments about foreclosure and mortgage modification procedures please forward them to your Tampa Bankruptcy Attorney. With the recent change in politics in DC, the one thing that both sides of the isle may agree on is helping people save their home. Currently only a chapter 11 can change a mortgage value, but it is expected that Congress will find a way to modify Chapter 13 to allow people to reduce principal due on their mortgage. Local Tampa Bankruptcy Courts have started allowing a mortgage modification mediation program that may reduce principal. Click here to learn about A Chapter 13 mortgage modification or call to determine if you are eligible for a principal reduction.
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