Are you getting behind on your mortgage payments? If you are, I'm sure you're feeling a number of different emotions. You're probably scared, worried, wonder how in the world did you let yourself get into this position? Then the next question is how in the world do I get myself out? I don't need to tell you that everyone needs a roof over their heads,but the question you need to ask yourself is, can I afford the roof I currently live under? If you weren't behind on your mortgage payments could you afford your normal payment? Sometimes homeowners get behind because something come along you weren't prepared for. Maybe your spouse was laid off, or they got sick, maybe there was a death in the family. Maybe you can easily afford your normal monthly payments but because you weren't prepared for one of life's hurdles you fell behind. Or maybe you're a homeowner who struggles every month to make your mortgage payment, you scrape and scrape to get by and at the end of the month you wonder how you're going to make it to next month. If you find yourself in the situation of getting behind on your payments, the first thing you should do, is to call your mortgage company. Whatever you do don't avoid them. They don't want to foreclose on you unless they absolutely have to. Most mortgage companies have a couple of different options for their homeowners who get behind.
I offer seller alternantives to foreclosure on my website Jacksonville Real Estate Ramblings. You can find it under the avoid foreclosure tab.
In my next post "Foreclosure in Jacksonville & Orange Park Florida Part 2" I'll talk about what's involved in the foreclosure process.
Pam lists and sells homes in Jacksonville, Orange Park, Green Cove Springs, Fleming Island, Middleburg,Ponte Vedra, Atlantic Beach, Neptune Beach, Jacksonville Beach, Orangedale, Fruit Cove, Switzerland and St Johns County Florida.
Are you facing foreclosure? Call Pam at 904-910-3516 to discuss your options.
Pam Graham with All Real Estate Options handles Jacksonville Florida short sales, Orange Park Florida short sales, Fleming Island Florida Short sales, Middleburg Florida short sales, Green Cove Springs Florida short sales, St Johns County Florida short sales, Ponte Vedra Florida short sales, St Augustine short sales, Palm Valley short sales, Duval County Florida short sales and Clay County Florida short sales.
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Mortgage Assistance Relief Services Disclosure
ALL Real Estate Options is not associated with the government and our services have not been approved by the government or your Lender. If you stop paying your mortgage you could lose your home and damage your credit. Your Lender may not agree to the change of your loan and/or a Short Sale.With a Short Sale, there are no guarantees offered and we cannot provide legal advice. Seek legal advice.
Tim, thanks for your comment! The process in Florida is pretty simple too, like you said no pay, no stay. Once a foreclosure notice is filed in court, the home owner basically has 4 months to do something, after 3 months there's a hearing where the judge sets the sale date (typically 30 days later), then it's advertised for that 30 day period. Then it's sold to the highest bidder or if it doesn't sell, it goes to the mortgage company's REO dept where they have a local real estate agent list it on the MLS.