You CAN STOP FORECLOSURE proceedings! Foreclosures can almost always be avoided!! And they are certainly NEVER the best solution! You have BETTER OPTIONS!!!
If you are NOT more than 2-3 months behind on your monthly mortgage payments... you should first CONSIDER RENTING YOUR PROPERTY (not even THINKING foreclosure at this point). Miami has, and will always have, a LARGE need for rental property! Yes, there are many rentals on the market. But list with a good, experienced Realtor and you'll be able to get it rented right away to good, solid tenants who will take care of your property and pay you monthly... until the market rebounds a bit and you're able to sell! *We have a huge rental business and clientele, and can help you with all aspectes of the process including monthly property management - taking away ALL of your worries! You may even come out AHEAD each month! And taxes? Rental Property often makes for the BEST tax breaks!!
If you have gotten more than 2-3 months behind on your monthly mortgage payments... STOP THE IMPENDING FORECLOSURE and consider a short sale! You may soon get Foreclosure papers delivered from the bank... but this usually means you still have plenty of time. With short sales, the ramifications to your credit score are much less than a foreclosure. Where a foreclosure will most likely hurt you for up to seven years... a short sale is much less painful and gives you the opportunity to recoup within a year or two. The process can be frustrating, you'll want to work with a team of experienced professionals all working on your same goal. We have a Short Sales Specialists team dedicated to negotiating and working with your bank to make sure the sale goes through painlessly.
If you haven't been paying your monthly mortgage for more than several months... you're in preforeclosure. There could still be time to stop the foreclosure... and sell it! But you'll need to act quickly. There are ways to stall the foreclosure - so you have the opportunity to short sale. We have the resources and team to help you! *If you bought your property withint he past 5 years, chances are you can request your bank to produce the original loan documents, and/or prove they are the owner of your morgage in it's entirety. And chances are, it'll take them a while to find those original loan docs, prove they own your mortgage in full, or represent the parties that do. You can also come up with a buyer, and often successfully stop the foreclosure up till the day of the foreclosure at the courthouse steps...! Ask us! Free consultation, and we'll walk you through the different steps you can take. Don't ruin your credit! You DO HAVE OPTIONS!!! YOU AREN'T ALONE... we can help!
A Loan Modification could be your solution... Though statistics show the vast majority of people that apply don't qualify... your situation may be different. It doesn't hurt to try. We offer FREE CONSULTATIONS with NO OBLIGATION WHATSOEVER so you can sit with a professional that's handled hundreds of loan modifications, short sales etc - and you can simply talk about your situation and learn more about your options.
