The home foreclosure process is often shrouded in mystery and fear. For those in Florida who have struggled to keep up financially and who may now be on the verge of home foreclosure, there are certain tips and pieces of advice to follow. Each home foreclosure is different, but if you are aware of the law and have the right guidance, you can feel prepared to deal with what may lie. Being aware of your options can help you feel confident in your decision.
One thing to always do is respond to any court summons that you get. Responding and communicating is the only way to know exactly what is unfolding. Another tip is to not just jump at the chance for a short sale as a quick or easy way out. There are tax implications and you will want to be aware of other options first.
Refinancing may seem like a lifesaving solution. However, the details of a refinance deal may make it the wrong choice for your individual needs. Also, a refinancing deal can take a long time, and a foreclosure may be in motion before a refinancing agreement is finalized. That could complicate the matter even more.
A possible home foreclosure in Florida simply can’t be ignored or brushed under the rug. Our firm can assess your individual situation and help stop the home foreclosure process long enough for you to understand your situation fully and pursue the best solution. You shouldn’t make a final decision about the fate of a home foreclosure situation until you have all of the facts and learn all you can about how the process unfolds. Our website and home foreclosure page can help provide more information that may prove helpful.
Source: urichlaw.com, “Central Florida Mortgage Foreclosure Lawyer“, , Sept. 22, 2014