Cuevas, Garcia & Torres, P.A.
contact Our Firm Today
877-801-4135

Can I stop foreclosure once the process has begun?

Getting a notice that your home in Miami-Dade is going to be foreclosed on can be frightening. You may think there is nothing you can do because of your current financial situation but that may not be entirely true.

According to RealtyTrac, you still have some options that are available. One is that you can set up an even tighter budget, making your mortgage payment the top priority. It can also encourage you to think about what you really need and what you could probably do without. For example, maybe you still pay for satellite or cable TV. Unless you need access to those channels for your job, you could probably save some money by cancelling the service. Anything that would be deemed a luxury, like the kids’ soccer club, eating out, lawn care or your kids’ phones should be placed at the bottom of the budget for any money left over.

Taking a proactive approach with your home’s lender is another way you may be able to stop the foreclosure from taking place. Approaching the lender as soon as possible sends a message that you are responsible and you want to be able to make your payments and keep the house. Sometimes, your lender may be able to provide you with help on how you can get back on track with payments or they may be willing to renegotiate your mortgage.

Think about increasing your income through a home business on the side or working a second job. This may be difficult for you to accept, especially if you have a professional career but think about how you worked your way through college to get that degree. Your home is another long term investment so isn’t it worth the additional work?

No Comments

Leave a comment
Comment Information
The Florida Bar | 1950 American Bar Association DADE County Bar Association | 1916 Orange County Bar Association Coral Gables Bar Association American Immigration Lawyer Association

Contact Us Today. Call 877-801-4135 or complete this form to schedule a consultation with our legal experts.

Bold labels are required.

Contact Information
disclaimer.

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.

close

Privacy Policy

Offices Conveniently Located in Miami And Orlando
Google+ Facebook

Miami Dadeland Office
7300 North Kendall Drive
Suite 680
Miami, FL 33156

Toll Free: 877-801-4135
Phone: 305-461-9500
Fax: 305-448-7300
Map & Directions

Midtown Miami Office
3401 North Miami Avenue
Suite 209
Miami, FL 33127

Toll Free: 877-801-4135
Phone: 305-461-9500
Fax: 305-448-7300
Map & Directions

Orlando Office
801 North Magnolia Avenue
Suite 221
Orlando, FL 32803

Toll Free: 877-801-4135
Fax: 786-362-7127
Map & Directions

Email This Office