“Help stop my foreclosure!” That is the cry of distress coming from many homeowners in Florida. When you made up your mind to get a mortgage on your new home you didn’t budget to lose, yet there are situations that can make you unable to pay your home mortgage regularly such as loss of employment, sickness, excessive debts, and piling bills. Lenders do not want to know why you’re unable to pay your mortgage; what they want is their money and they’ll seize your home to sell it in order to recover it. This is what you do not want and the idea of going into foreclosure can be frustrating, setting you on a stressful path to find solutions and ways to stop foreclosure. Below are some tips on how to stop foreclosure in Florida.
Foreclosure stop is something you should start thinking the very moment you fail for the first time to pay your home mortgage. You should not wait until the situation becomes worst before you start looking for foreclosure relief solutions; make the decision immediately and avoid losing your home. There are many options to stop foreclosure in Florida and you’d want to know what they are and choose one that is most suitable for you. If stopping foreclosure is the thing that gives you stress and makes you spend sleepless nights, then you’ll need to find a solution right away.
Real Estate Investors who want to buy foreclosed homes would prefer buying them before the foreclosure is complete, which gives you the opportunity to sell your house fast and avoid losing it to the lender. By selling your house to a real estate investor, you can walk out of the situation with some profit. Even selling your house for little or no profit is better than losing the house completely to the bank. Since real estate investors are specialized in real estate business, they’ll help you with tips on how to stop a home foreclosure or find alternate solutions that can help you remedy the situation and avoid losing your home and damaging your credit. A competent investor will propose realistic solutions for selling your distressed home in Florida and will be able to stop your foreclosure.
“Thank you, Omer. It was a great experience working with you and your company and selling you our house. You delivered as promised and were very professional. You helped us out in a bad time in our lives and we appreciate it. Instead of losing our home you managed to save our credit and get us money out of the situation! That is awesome! Thanks again. Mark.”
There are many professionals specializing in the real estate business, but not all of them are the same. A Realtor is basically looking to make a commission on the sale of your home. They are trained to market your house for the most profit. Their services are very useful for regular sales, but not for distressed sales. We, at Florida Cash Home Buyers, are trained investors and handle these kinds of situations by applying creative strategies that a typical Realtor is not aware of. An investor will usually be profiting by buying your house himself, not acting as a broker as a Realtor would.
In Florida, there are many resources and agencies that can give you the information you need to know how to stop foreclosure Florida. You can work with HUD-approved housing counseling agencies if you really want to stop mortgage foreclosure. Such agencies offer workshops and financial planning resources that can be very useful for you. One of the things you should know is that some people can actually take advantage of your present plight and offer you scams. You should learn how to detect such scams and avoid mortgage foreclosure. You should avoid those who come to you asking for money in order to help you stop foreclosure without any written agreement.
You should know the Florida laws on foreclosure and use them in your favor. Of course, the law will not protect you if you do not know what it is or whether it exists or not. You should know that the timeline for foreclosure in Florida is typically 180 days and that judicial foreclosure is available. You can also take advantage of the Equity Right of Redemption to save your home within 180 days.
In a short sale, the seller or a real estate professional arranges with their mortgage lender to accept a price that’s less than the amount they owe on the property. As part of this arrangement, the lender typically agrees to forgive the rest of the loan balance. As a result, the seller doesn’t have to go through a foreclosure, the buyer picks up a property at a discount, and the lender avoids taking on the burden of unloading the property through foreclosure.
Making the decision to seek foreclosure help on time will enable you to avoid losing your home and to improve your credit score and your financial situation. Although there are many options to consider, you’ll be more confident that you can avoid foreclosure in Florida if you enroll the help of a competent and experienced Real Estate Investor, someone who knows the market situation in Florida. If you think that foreclosure is inevitable with your present mortgage situation, then you should pick up your phone and make the call you know you should and get expert help on how to stop foreclosure.
