Mortgage Forum

Joel Fraser

Hello to all..wonderful website here. We are in Coral Springs, FL.....which is in Broward County. My wife bought this condo before I even met her. Since then, she lost her job, got a lower paying job, the property tax was miscalculated so her mortgage went way up, the HOA fees went up and the place turned section 8 and there is nothing but trash living around us. Because of all these reasons, she is walking away from the condo. With my good credit and good salary, I will take care of all the housing issues in the future since her credit will be messed up.She got served the Lis Pendens yesterday. How much more time do we have until they evict us ? The reason I ask is that we are trying to live here as long as possible in order to save $$ for a down payment for a house in the very near future. I still have some debt to take care off too. At the same time though, she does not want to extend this because it's agonizing being harassed by collections everyday...she gets 4 phone calls everday on her cell. She of course does not answer, but still, it bugs her....I know that. The Lis Pendens states we have 20 calendar days to respond to the foreclosure lawsuit. Should we hire an attorney to draft a letter to the courts ? Will this buy us some time and is it worth the money ? My goal is to delay the inevitable by 2 months, but at the same time I do not want to spend $$$ on an attorney because we DO want out of this hell hole....but not in 3 months...more like in 4-5 months. We still need to save, that's why. What do you all recommend ? Should I hire a real estate attorney to handle the response to the 20-day notice or should I just let nature take it's course ? If we can stay here until November...even December, I would be super happy and would be able to save the money I need for downpayment. Any help is appreciatedNelson