Guide to Florida Eminent Domain Law
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Florida Eminent Domain Blog | Gregory W. Stoner
The Florida Eminent Domain Law Firm, PA
Tuesday, September 7, 2010
Foreclosure and Eminent Domain
Your home is your castle, the place where you hoped to raise up your family and build your future. But a lost job or other unlucky turns can put that future in jeopardy under the threat of foreclosure. Foreclosure is affecting thousands of Floridians, forcing them out of their homes, and it is expected that it will continue to affect many more Floridians before the housing market stabilizes.
But what happens when your house is being threatened by both foreclosure and eminent domain?
Eminent domain takes precedent over foreclosure. During eminent domain proceedings, foreclosure proceedings must halt. Once eminent domain proceedings have finished, the foreclosure may move forward.
Whether you can successfully defend your property or not, an eminent domain attorney is even more crucial in situations where you have one or more mortgages on your house. Securing maximum compensation from an eminent domain proceeding is crucial when a potential foreclosure is involved.
To learn more about foreclosure and eminent domain, please contact the Florida Property Rights Law Firm, PA today.
posted by Admin at 11:29 AM
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