Mortgage Delinquencies in Sarasota More Than Double 2019 Rates

Homeowners across the country have had some protection from foreclosures during the coronavirus pandemic. State and federal laws (mostly through emergency rules and orders) have prevented most residential foreclosures throughout the year. Unfortunately, as 2020 draws to a close, so do the legal protections that have kept many families in their homes. This is a problem: the Sarasota Herald-Tribune reports that about 5.5 percent of mortgage borrowers in the Sarasota and Manatee areas are at least thirty days behind on their mortgage payments. This compares with only 2.6 percent in September 2019.

Despite a delinquency rate of more than twice what it was last year, foreclosures have remained at historic lows this year, largely due to these temporary government bans. Home equity and refinance options have helped some homeowners rearrange their finances to keep a current account, but these options are not available to all homeowners. Worse, homeowners whose arrears have simply accumulated throughout 2020 will be stuck with unpleasant options to pay the entire balance in early 2021 or face foreclosure.

There are still options that can help Florida homeowners stay in their homes after foreclosure bans are lifted in 2021. A foreclosure is very expensive for a lender to complete, so many are willing to work out payment options in lieu of paying attorneys fees, court costs, sheriff’s fees, and many other costs. There are also still local housing programs with funds available before CARES Act funds revert to the federal government at the end of the year.

Learn More About Your Options From Our Foreclosure Attorneys in Florida

 
The experienced Casselberry and Oviedo foreclosure defense lawyers at Quattrocchi and Torres are here to answer all your questions. The sooner you take action, the better options you will have for keeping your family in your home. Call 407.452.4918or contact us online to schedule your free consultation.  

By nasser July 18, 2025
Don't risk your health or legal claims—discover why seeking immediate medical attention after an accident is crucial for your recovery and peace of mind. Learn the hidden dangers of delaying care and how it can impact your future.
By nasser July 17, 2025
Discover how Florida's comparative negligence rule impacts personal injury claims, ensuring fair compensation based on each party's fault. Learn the essentials to navigate your case effectively and maximize your recovery.
By nasser July 16, 2025
Maximize your homeowners insurance payout with the help of an attorney! Discover how legal expertise can simplify the claims process and ensure you receive the compensation you deserve.
By nasser July 15, 2025
Discover the top causes of motorcycle accidents and learn essential safety tips to protect yourself on the road. Stay informed and ride safely with our expert advice!
By nasser July 14, 2025
Navigating a personal injury claim can be overwhelming, but our comprehensive guide breaks down the essential steps and what to expect, ensuring you're prepared for the journey ahead. Discover how to protect your rights and secure the compensation you deserve!
By nasser July 11, 2025
Unsure whether to hire a personal injury attorney or settle your case on your own? Discover the key factors to consider and make an informed decision that could impact your recovery and compensation.
By nasser July 10, 2025
Learn the essential steps to take immediately after a car accident in Orlando to ensure your safety, protect your rights, and navigate the aftermath effectively. This comprehensive guide will help you manage the situation with confidence.
By nasser July 9, 2025
Discover the essential insights into pain and suffering in personal injury cases, including how it's evaluated and the factors that influence compensation. Empower yourself with knowledge to strengthen your claim and advocate for your rights.
By nasser July 8, 2025
Discover the key factors that influence personal injury settlements and learn how to effectively calculate your potential compensation. Empower yourself with the knowledge needed to navigate your personal injury case confidently.
By nasser July 7, 2025
Avoid costly mistakes in your personal injury claim! Discover the five common pitfalls that could jeopardize your chances of fair compensation and learn how to protect your rights effectively.
Show More