Once a lawsuit has been filed against a homeowner and they’ve been served with a summons and complaint, what that means is they’re handed the papers by a process server. They then have 20 days from that point to file a response to a complaint of foreclosure. The failure to file that response will result in a default against the homeowner and then the bank’s attorney will then just steamroll right over the homeowner in getting the property back.
Chapter 13 Bankruptcy in Palm Beach County: How Reorganization Helps Families Keep Their Homes During a K-Shaped Recovery
Over the past several years, the U.S. economy has experienced what economists call a K-shaped recovery. In simple terms, this means that while some households and industries have recovered quickly and even grown wealthier, others have continued to struggle with rising...