Possible options for averting a foreclosure process

| Oct 3, 2017 | Foreclosure |

Times are often tough, financially speaking, and many Florida residents know what it’s like to run into serious obstacles that impede economic stability. Perhaps you were one of many whose incomes were lowered during recent economic crises, or maybe you lost your job entirely and had to start from scratch in the business world. Maybe a lack of income is the main issue, or a medical emergency, divorce or other matter threw you off course. Or perhaps bills just started piling up ,and before you knew it, things got out of hand. If you’ve suddenly found yourself facing a possible foreclosure situation, you’re probably feeling a bit worried and wondering if there’s any way to keep your home.

The thought of losing your home would no doubt cause tremendous stress for you and your family. If you try not to panic and research some potential options, you just may be able to find a feasible solution and also be able to forge a new track toward future financial stability. The key is to arm yourself with as much information as possible, seek clear understanding of applicable laws and know where to turn for support so you don’t have to go it alone.

Most lenders want to avoid foreclosures as well, because taking over ownership of a home means a lot of work and financial exposure for the bank. This means you may be able to secure alternate temporary payment plans until such time as you regain control of your finances. An alternate plan would allow you to keep making payments on your mortgage, thus eliminating the need to foreclose.

Cuevas, Garcia & Torres, P.A., provides support to Florida homeowners facing foreclosure problems. Our experienced legal team can help you explore available options for immediate debt relief. We can also act on your behalf when communicating with lenders and other financial representatives and will remain by your side until you find a solution that best suits your particular needs and financial goals.

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