Fighting Foreclosure When All Seems Helpless in Fort Lauderdale FL

We buy houses in Fort Lauderdale FL

We buy houses in Fort Lauderdale Florida. We are your local Fort Lauderdale FL home buyers, and we offer cash for houses in Fort Lauderdale FL. Owning a home has long been a symbol of what many call the American dream, a goal to work toward and to be proud of achieving. However, given the reality of economic challenges that include falling real estate values and high unemployment statistics, the dream has become a nightmare for many. If you are no longer able to meet your mortgage obligations and are in danger of having your Fort Lauderdale FL home foreclosed upon, just know that finding foreclosure help is possible.

With very few exceptions, most people do not enter into a mortgage contract to purchase a home with the intention of not making the mortgage payments. Unfortunately, circumstances can sometimes spiral out of control and cause difficulties in making monthly mortgage payments on time. When this happens, there are ways to help avoid foreclosure in Fort Lauderdale FL and emerge without a great deal of damage to your credit rating.

Over the last few years, the numbers of foreclosures throughout the country have risen rapidly, with Florida being one of the hardest hit states and South Florida one of the hardest hit areas of Florida. With some areas seeing over 50 percent higher numbers of foreclosures in just comparing the same months in 2012 to 2013, businesses that can help with foreclosure defense and foreclosure assistance have grown as well. One such business is that of real estate investing. Real estate investors in Fort Lauderdale FL can help to stop foreclosure proceedings and help you mount a real foreclosure defense before it is too late.

Homebuyers in Fort Lauderdale FL

For the most part, banks and lenders do not want to foreclose on a home in Fort Lauderdale FL. One of the ways to avoid foreclosure is to get in contact with your bank or lender as soon as you begin to struggle or anticipate struggling with making your mortgage payments on time. It may be possible to work out an arrangement in which you will be given time to catch up on late payments or are able to refinance your home with terms that are friendlier to your current situation.

However, if you are unable to come to an agreement with your bank or lender and find yourself in a situation where you see no alternative to foreclosure, you may need to consider selling your Fort Lauderdale FL home for whatever you can gain, even if it means little or no profit. It is in this situation that you should consider consulting with a real estate investor. In many cases, a real estate investor is also a foreclosure specialist. Although the prospect of selling your home for just enough to break even on the mortgage is not very appealing in most cases, consider that this way could well be the only way to avoid further damage to your credit rating.

Alternatives to selling your home in Fort Lauderdale FL to avoid the foreclosure process would include short sale proceedings or a deed-in-lieu of foreclosure. A short sale is generally considered when a home is worth less than is currently owed on its mortgage. Even if you wish to consider a short sale, there is no guarantee that your bank or lender will agree to cooperate, as they are not likely to recoup all of the money owed on the home. In addition, while not as bad as a foreclosure, a short sale still adversely affects your credit rating.

In a deed-in-lieu of foreclosure, you basically sign your home back over to the bank lender in return for their canceling of the mortgage remainder and any foreclosure proceedings against you. It is comparable to a voluntary repossession in that you basically give the home back to the bank or lender and walk away. However, most lenders will advise that a deed-in-lieu of foreclosure affects your credit rating as severely as an actual foreclosure.

Cash for houses in Fort Lauderdale FL

If you choose to go with a real estate investor in Fort Lauderdale FL, on the other hand, you retain some control over the proceedings in that you can negotiate a deal that will hopefully satisfy your mortgage conditions and legally release you from any further obligations with regard to the house. By negotiating a deal with an investor who is experienced in helping to fight foreclosure, you can avoid the damage to your credit rating that is involved with either of the other two options discussed here. As some investors choose to purchase various properties to then be used as rentals, you also may be able to not only sell your home and thus help to stop foreclosure, but the investor purchasing your property may be able to direct you to a rental unit within your financial means.

Sell My House in Fort Lauderdale FL

Facing a foreclosure situation is never easy. However, it is possible to survive the process with your credit rating more or less intact. Choosing to work with a real estate broker who in turn is familiar with the process of real estate investing could make the difference between being able to avoid foreclosure damage to your credit and gaining the foreclosure help you need. By maintaining your credit rating, you may find that you possibly could purchase a home again once your circumstances improve and you regain your financial footing, according to Emilia Flores, the co-founder of UkBadCreditLoans.

If you think you need to sell your house in Florida fast, then you may need us. We are homebuyers in Fort Lauderdale FL, and we can help you have a stress-free sale by buying your property directly from you. Get your cash offer now by calling us at (954) 519-7040, or by filling up our form.

the Author - Omer Reiner

Omer Reiner is one of the owners of FL Cash Home Buyers, LLC. Omer's passion is to help homeowners out of tough situations by providing them with solutions that meet their unique situations. Since he started investing in Real Estate in 2011, and because of his extensive knowledge and expertise of the Florida Real Estate market, he has been featured on many online publications such as Forbes, Yahoo, GoBankingRates, HomeLight, MSN, and many others.

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