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The Four Cardinal Rules When Facing a Sarasota, Bradenton, Venice, Lakewood Ranch Florida Foreclosure – STOP, Communicate, Avoid, ACT!
While we all know that the burst of the so called "housing Bubble" has hit property values on the Florida Gulf Coast hard, it's especially true in the Sarasota, Bradenton, Venice, and Lakewood Ranch communities. Anyone who either purchased, or refinanced during the "boom years" knows that the amount they owe on their mortgage is significantly more than the amount they can currently sell their home for. That, combined with the fact that the lagging economy has led to increased unemployment, and that a rebound in Florida home prices isn't expected for at least five to seven years, many find themselves facing imminent foreclosure.
If you are seeking Sarasota Foreclosure Help, Bradenton Foreclosure Help, Venice Foreclosure Help, or Lakewood Ranch Foreclosure Help, then you need to be well aware of the four cardinal rules when facing foreclosure -- STOP, Communicate, Avoid, ACT:
- STOP procrastinating, STOP thinking the problem is going to take care of itself, STOP thinking you can resolve the problem without professional help.
- Communicate with your lender. Hiding from the problem is only going to hurt you. You want the mortgage holder to feel that you are actively engaged in resolving the issue, which might just bide you some more time.
- Avoid foreclosure at all costs! Foreclosure is completely unnecessary and you must do all you can to explore your options: reinstatement, loan modification, deed-in-lieu-of-foreclosure, short sale.
- ACT! You must take action! You must face the issues head on by immediately contacting a qualified foreclosure avoidance specialist.
Follow the four-step path outlined above and you are likely to see that your foreclosure problems aren't as big as they seem, that there are ways to stop from having a foreclosure on your permenant financial record, and that getting back on your feet and making a fresh start is not only possible, but highly likely.
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