Being confronted by the prospect of foreclosure can be incredibly troubling, as you have probably been dealing with financial challenges and struggling to pay your mortgage for some time. Foreclosure often seems like a final decision, which provides you as a borrower with few options for any kind of debt relief. Fortunately, though, there are options for keeping your home even after you have been served a foreclosure notice by your mortgage lender.
Despite the fact that state and national news sources are beginning to regularly report on signs of economic improvement, many Florida residents continue to live under the burden of debt. Countless families are still living paycheck to paycheck, and a considerable percentage of people are still feeling the effects of the recession and housing bubble bust. Bankruptcy and foreclosure rates reflect the financial challenges that a huge number of families are confronted by on a day-to-day basis. Beyond that, they can serve as a sobering reminder that national figures do not always reflect the realities faced by individual states.