What happens when you miss a mortgage payment?
You may lose your home!!! When your mortgage becomes delinquent, the lender can foreclose on your proerty. If this occurs, you must move out of your home ann the property will be sold. In addition to losing your home, you may own a deficiency balance, which is the difference between the price the lender sells your home for and the balance on your mortgage loan.
What sholud you do now to avoid losing your home??
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Read all letters/correspondence from your lender.
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Contact your lender and explain your situation
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Call me your local Loss Mitigation Consultant(LMC)
How can I assist you?
I can provide you with essential information from your lender to help you.
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Bring your mortgage current
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Complete the financial papers your lender requires.
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Refinance your mortgage loan
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Sell your home and relocate
Options are available to help avoid foreclosure.
Your lender requires a complete financial package to assess your situation.
Reinstate
Special Forebearance.
If you have recently experienced an unexpected change in income or expenses, you may qualify for a special forebearance. Your lender can arrange a repayment plan based on your individual financial situation.
Mortgage Modification / Partial Claim
If your income continues at a reduced level, you may qualify for a mortgage modification.
Relocate
Pre-Sale / Short Sale
If you don't have the ability to reinstate or refinance your loan, your lender may alloq you time to sell your home without going through forclosure.
Deed-in-Lieu of Foreclosure
Your last option to avoid foreclosure is to voluntarily give your home back to the lender.
Customers for Life
Every one of my clients is unique, and that is exactly how I treat him or her. I'm proud to say that a high percentage of my business comes from past clients-from people who choose my services time and again. I don't measure my success by sales, but by the relationships I build along the way.
In addition, if you have any general questions about buying or selling real estate in Florida, please contact me as I'm more than willing to help.
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