Avoiding foreclosure cause of great joy for many families

| Nov 4, 2017 | Foreclosure |

Imagine thinking a lender was preparing to take over ownership of one’s Florida home only to have the process halted when a viable option for debt relief is secured. Many families in another state are rejoicing in the fact that they have successfully avoided foreclosure. In their particular area, a new program has been implemented that was a key factor to their positive outcomes.

The program connects lenders with homeowners in a mediation process designed to achieve compromise to help lenders collect mortgage payments and homeowners to avoid losing their homes. Many times, debt relief is possible when alternate payment arrangements are made or other tangible steps are taken to overcome existing financial obstacles. The problem is some people think as soon as they receive notices of foreclosure, there is nothing they can do to avert the problem. 

This is not always the case and obtaining positive results often depends on what types of resources a particular homeowner accesses to resolve financial problems and get things back on track. Some are able to solve their problems by cutting back on spending and ceasing to shop on credit until such time that financial stability has been restored. Others need more immediate debt relief assistance.

An experienced bankruptcy attorney can help those in Florida who are worried about foreclosure. A careful review of one’s entire financial portfolio is often the best way to begin exploring debt relief options. From there, an attorney can provide counsel as to what may be the best route to take according to one’s particular needs and ultimate financial goals.

Source: bnd.com, “St. Clair County IL foreclosure program helps people keep homes“, Casey Bischel, Oct. 18, 2017

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