What You Can do to Stop a Foreclosure Sale in Florida?



The state of Florida follows judicial foreclosure process and has the highest foreclosure rate compared to other states. The lender has to file with the court to take possession of the property if homeowner misses the mortgage payment three times or more consecutively. One of the best ways to stop foreclosure sale in Florida is to contact the lender and work out a payment plan. Lenders do not want the property back, so they would prefer to come on a common agreement with the homeowner than foreclose on the property. The homeowner has to show the lender, they are interested in paying back the money despite all the troubles. When lenders know you are interested to pay the money the workout a plan with you.

What to avoid to stop a foreclosure in Florida?

The first steps to stopping a foreclosure in Florida is knowing what not to do in the first place. Let’s find out what not to do:

·         Do not sign a document that authorizes third party to act for you as an agent or attorney.
·         Do not sign any document where you entitle someone else as the homeowner.
·         Do not be be-fooled by the mortgage brokers or specialists who want to charge you upfront as it is not allowed by the Florida law.
·         Beware of the leaseback companies that offer to buy your home in a short sale and then rent it out to you in a rent-to-own scheme.
·         Stay away from the people who offer to talk to the lender but are not the brokers or attorneys.
·         Never connect with credit counsellors who are not HUD-approved to stop a foreclosure sale in Florida.

Bankruptcy: Financial troubles do not come from one side only, woes come from all sides and it can take an experienced attorney to help you sort out everything. You have to make the best choices by being in touch with the most experienced people in this field. It is here where the role of an established lawyer becomes critical. You can settle your debts and exit bankruptcy with your home under Chapter 13 bankruptcy.

An experienced attorney can help you stop a foreclosure in Florida. It is not easy to get in the foreclosure process neither is it easy to get out of it. Talk to the specialist and discuss with them your financial situation.





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