Facing Foreclosure? Florida Homeowners Don't Let Time Run Out on You
If you are facing foreclosure and feel that there is nothing you can do - think again. There are options for people facing foreclosure. If your missed payments were due to a temporary problem, reinstatement is possible. In order to reinstate a mortgage you will have to pay all missed payments and late fees and any legal fees that are due up to the point that the loan is reinstated. A one time payment in full is needed for a simple reinstatement. If a one time payment is not an option then you can request a repayment plan. There are many other options for you including a short sale, call me today so that I can help you explore the best option for you.
Keep in mind that foreclosures follow you and can negatively affect future mortgage rates, also homeowners that have a foreclosure would have to wait 5-7 years before they would be eligible again for a government insured loan as opposed to 2 years wait when a short sale is done. It has a negative impact on your credit score - about 300 points or more - and lenders can seek a deficiency judgment against you to recover any money they didn't get in the sale. There is a window of opportunity: Pre-foreclosure - this is a very critical time period for you to do what you can to avoid foreclosure. Call me today for more information at 954-257-5030.
More reasons to avoid foreclosure:
- This is the one credit report item that is almost impossible to have repaired.
- Many employers run credit checks on their prospective employees this can put you in jeopardy for a new job opportunity or a current position.
- You have options! I will help you explore every option and work toward the best resolution for you.
- You must do everything you can! This too will pass: even though it seems overwhelming now, you will feel much better knowing that you did everything you could to avoid this devastating financial consequence that so many people face today.
- Florida Homeowners: Know your options, call me today to discuss the steps you need to take to avoid losing your home to foreclosure.
I am a Real Estate Professional in South Florida helping homeowners facing foreclosure know their options.
I also help buyers looking to purchase Short Sales or foreclosures find their dream homes.
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Tiffany L. Young, Realtor®
C: 954-257-5030
Email: tiffany@tiffanylyoung.com
Website: www.tiffanylyoung.com
Blog: www.southfloridaluxuryrealestateblog.com
Wondering if the South Florida Real Estate market has stabilized? Click here to find out.
~~~~~~~~~~~~~~~~~~ Tiffany L. Young, CDPE
Young Realty Group
Coldwell Banker Residential Real Estate
Direct: 954-257-5030
Email: tiffany@tiffanylyoung.com
Website: South Florida Real Estate
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Helping South Florida Homeowners prevent foreclosure.
Specializing in Short Sales in Broward County.
Assisting Buyers and Sellers of Southwest Broward Homes for Sale or rent.
If you or someone you know is facing foreclosure in the South Florida area, call me today at 954-257-5030 to find out how I can help.
You are right-- many people are basically sticking their heads in the sand and seeming to hope things will go away -- but of course they don't and then its too late.
Very good information Tiffany, Thank you for sharing.