How to Stop a Foreclosure Sale in Florida?
The thought of losing your home can be stressful; it is because when you bought the property, you had high hopes, and you had thousands of dreams and made it a home for your family. So, the thought for losing it to foreclosure can be unbearable. The homeowners, when unable to pay the mortgage, are likely to fall prey to the foreclosure scams and end up bearing huge losses. Not only, this but the fear of bad credit score is also oversold. Though it is a negative event, foreclosure is similar to bankruptcy and the impact will lessen over time. Let’s find out how to stop a foreclosure sale in Florida : When you are keeping your house: · Reinstatement: It allows you to pay a lump sum amount to catch up with your late payments by a certain date. You must be well aware of the fees and penalties that you have to repay while going for this option. · Repayment plan: It is paying down your overdue payments by adding the extra amount into the monthly mortgag