If you are in the situation where you have fallen behind your mortgage payments, you still have options to prevent you from home foreclosure. However, it is of the highest importance that you act fast to avoid your Florida foreclosure and losing your home.
The easiest way to do this is by speaking to a mortgage lender, your housing counselor or a service provider. The longer you wait, the less options to save your home you will have. Most home owners are afraid to speak with a qualified business professional when they are in danger of a Florida foreclosure. They feel self conscious about it and rather suffer than ask for help.
It is much better to find a solution to avoid foreclosure altogether which is ultimately best for you and your mortgage lender too. The bad thing about foreclosure is that it damages your credit rating. This will negatively affect your ability to buy another home in the future or even borrow money via a loan or mortgage.
Don’t be afraid to talk to a counselor before it is too late for you. The following pointers will help you to avoid Florida home foreclosure:
- Contact your mortgage provider immediately to discuss your current financial situation. If you are not sure how to do that, look at your last mortgage statement. Usually you will find the contact info there.
- If you find yourself in the worst case scenario and your mortgage lender is not able or willing to help you, you can receive free counseling from the Homeownership Preservation Foundation at 1-888-995-HOPE. To do this however you will need some documents upfront: recent mortgage statements, written communications from your mortgage lender, foreclosure notices, homeowner’s insurance policy, your last two pay slips, the last tax returns for all entities listed on the mortgage contract, proof of all income (including alimony, social security, child support or a pension), bank account statements, list of major monthly bills.
Florida foreclosure options
Whoever you end up speaking to, it is important you understand the various options available to you. It will help you to make better choices altogether. You should also be aware of the common foreclosure scam operators that lurk online and offline. These people are only interested to take your money and then run.
Your options can be enough to provide you with a rescue plan against Florida home foreclosure. Some even include a repayment plan or loan modifications. Don’t be the next home foreclosure victim! Act now and slep better at night.