Facing Foreclosure In Sarasota, Bradenton, Venice, Lakewood Ranch Florida? How to Know When It’s the Right Time to Walk Away . . .

Real Estate Broker/Owner with Real Property Management of Sarasota & Manatee

Sarasota Short Sale Agent - Venice Stop Foreclosure - Bradenton Short Sale Help – FREE information on Foreclosure Defense, Mortgage Modification, Tax Consequences, Deed-in-lieu-of-foreclosure, Short Sales, Deficiency Judgments, Bankruptcy Referrals & more. John Michailidis, SaraMana Properties – Phone: (941) 822-5221

Sarasota, Bradenton, Venice, Manatee County, FL, Stop Foreclosure, Short Sale


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Facing Foreclosure In Sarasota, Bradenton, Venice, Lakewood Ranch Florida? How to Know When It’s the Right Time to Walk Away . . .


The number of Sarasota, Bradenton, Venice and Lakewood Ranch Homeowners facing foreclosure in Florida is on the rise.  One estimate puts nearly 50% of all Sarasota and Manatee County mortgages “underwater” – meaning the amount owed far exceeds the current market values of the underlying properties.  By any definition, this is a "mortgage crisis."



Pre-foreclosure homeowners faced with the reality of loosing their home eventually come to face this question, “How do I know when it’s the right time to just walk away?”  While each individual circumstance is different and needs to be evaluated on its own merits, these are issues you need to consider first:

  • Did you actually borrow the money? – The point being that if you actually borrowed the money and have been unable to keep up with the mortgage payments there is likely nothing you can do to stop an eventual foreclosure.  At best you can only delay the inevitable.
  • Is there any realistic possibility that you will be able to bring all missed payments current (including penalties, interest, and fees) and resume regular monthly payments in the foreseeable future?  Again, the point being that if you are so far behind that bringing the loan  current is an impossibility, then the absence of action on your part is only just delaying the inevitable.

(NOTE: CLICK to register for our next FREE Foreclosure Options Tele-seminar)

If we are to assume that you really did borrow the money, that you have stopped making mortgage payments, and that there is no realistic possibility of bringing the loan current and resuming payments, then the question becomes, “Do you want to let the bank ruin your life, or are you going to take matters into your own hands and do everything you can to minimize the amount of money you owe, and the financial damage that’s done to your long-term credit and finances?”  Are you going to be a victim, or are you going to do what it takes to come out on top, as a winner.


“Knowing when to walk away,” doesn’t mean throwing in the towel, burying your head in the sand, and letting them foreclose on your home.  It means accepting reality for what it is and doing everything you can, as fast as you can, to minimize the damage and get on with your life.


If you would like to discuss your possible options, including: Short Sale, Deed in Lieu of Foreclosure, and Loan Modification, then contact the SaraMana preForeclosure Assistance Team for a free, confidential, no obligation initial consultation.


The very worst thing you can do is to do nothing.


The SaraMana preForeclosure & Short Sale Assistance Team helps Short Sale Buyers, and Property Owners in Sarasota, Lakewood Ranch, Bradenton, Venice and throughout Manatee & Sarasota Counties Florida to STOP Foreclosure, potentially Avoid Deficiency Judgments, Successfully Short Sale their homes, and move on with their lives.

For more information, Call 941-822-5221, or use this ONLINE FORM.

CLICK to Request Our FREE 48-page Foreclosure Options eBook


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All the best!
Real Property Management of Sarasota & Manatee
of Sarasota & Manatee

Office: 941-225-8183


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