Jump to Navigation

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
  • facebook
  • facebook
  • twitter
  • Google+

Contact Us

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

Cuevas, Garcia & Torres, P.A.
Attorneys at Law

Miami
7480 S.W. 40th Street
Suite 600
Miami, FL 33155
Toll Free: 877-801-4135
Phone: 305-461-9500
Fax: 305-448-7300
Map and Directions

Midtown Miami
3401 North Miami Avenue 
Suite 209
Miami, FL 33127 
Map and Directions

FindLaw Network