Facing Foreclosure? Florida Homeowners Don't Let Time Run Out on You

If you are facing foreclosure and feel that there is nothing you can do - think again. There are options for people facing foreclosure.  If your missed payments were due to a temporary problem, reinstatement is possible.  In order to reinstate a mortgage you will have to pay all missed payments and late fees and any legal fees that are due up to the point that the loan is reinstated.  A one time payment in full is needed for a simple reinstatement.  If a one time payment is not an option then you can request a repayment plan. There are many other options for you including a short sale, call me today so that I can help you explore the best option for you.

Keep in mind that foreclosures follow you and can negatively affect future mortgage rates, also homeowners that have a foreclosure would have to wait 5-7 years before they would be eligible again for a government insured loan as opposed to 2 years wait when a short sale is done.  It has a negative impact on your credit score - about 300 points or more - and lenders can seek a deficiency judgment against you to recover any money they didn't get in the sale. There is a window of opportunity: Pre-foreclosure - this is a very critical time period for you to do what you can to avoid foreclosure. Call me today for more information at 954-257-5030.

More reasons to avoid foreclosure:

• This is the one credit report item that is almost impossible to have repaired.
• Many employers run credit checks on their prospective employees this can put you in jeopardy for a new job opportunity or a current position.
• You have options! I will help you explore every option and work toward the best resolution for you.
• You must do everything you can! This too will pass: even though it seems overwhelming now, you will feel much better knowing that you did everything you could to avoid this devastating financial consequence that so many people face today.
• Florida Homeowners: Know your options, call me today to discuss the steps you need to take to avoid losing your home to foreclosure.

I am a Real Estate Professional in South Florida helping homeowners facing foreclosure know their options.

I also help buyers looking to purchase Short Sales or foreclosures find their dream homes.

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Tiffany L. Young, Realtor®
C: 954-257-5030
Email: tiffany@tiffanylyoung.com
Website: www.tiffanylyoung.com
Blog: www.southfloridaluxuryrealestateblog.com

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