Late on Mortgage Payment? 4th Qtr reports you're not alone

Real Estate Agent with eXp Realty

Late on Mortgage Payments in South FloridaLate on Mortgage Payment? 4th Qtr reports you're not alone.

You will find that typically 4th Qtr reports will show a rise in mortgage delinquencies as Sellers often use the monies they had set aside for the mortgage to pay for other things at the end of a year during the 4th Qtr.

Florida remains to be one of the states with the highest rate of delinquency where its rate was down from a year ago 2010 but only to 14.27% from 2010's rate of 14.50.

This is not welcoming news as the South Florida economy continues to struggle affecting many homeowners.

When homeowners are faced with such turbulent times it's often easier just to ignore their situation when they just don't know what to do. Don't do this, if this is you being late on your mortgage payments. First off, talk to your Lender to see what type of program that you may qualify for to get back on track with your mortgage payments. If you've lost your income or your household has suffered a reduction in income it may be difficult for you to qualify for any program if your income differs greatly from when you were able to make your mortgage payments.

If this reduced income scenario is your current life situation, you could consider the option of selling your home as a Short Sale in South Florida. Short Sales have saved many Sellers from foreclosure when they've been hit hard by our flailing economy.



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Whether you're Selling your home in Coral Springs or Buying your home in Coral Springs or other Southeast Florida cities from Boca Raton south to Miramar, I promise to be on your side working hard for you as your Coral Springs Realtor and South Florida Realor. Helping homeowners with Coral Springs Real Estate and the Real Estate in surrounding cities such as Coral Springs, Coconut Creek, Parkland, Plantation, Pembroke Pines, Margate, Miramar, Tamarac and Sunrise in Broward county to the cities of Boca Raton, Delray Beach and Boynton Beach in Palm Beach county. 

 As your dedicated Coral Springs Realtor, Short Sale Specialist, Keller Williams South Florida Real Estate Agent, Coral Springs Short Sale Realtor, South Florida Short Sale Realtor and CDPE Certified Distressed Property Expert, I'm ready to work hard for you.

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I'm looking forward to hearing from you soon. Please call me at 954-464-1100 or email me at: lynnp@ImagineYourHouse and it would be my pleasure to help you!

Learn more about me and Coral Springs Real Estate as your Coral Springs Realtor and Coral Springs Short Sale Realtor 


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Patrick White
Home Driven Realty, Inc - Baldwin, NY
Driven to bring New Yorkers home

Good Evening Lynn

Thanks for the post and mortgage information. Have a great day

Feb 18, 2012 10:13 AM #1
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

IF you are not on board with using the number one lead generation tool in the country currently, namely Craigslist, I will be conducting a seminar on Thurs Feb 23rd at KW Boca Raton.

Please come and see me if you are not busy enough, and it will change your life.

Kevin B Tolbert PA

Keller Williams Realty of Port St Lucie


Feb 18, 2012 10:44 AM #2
Marte Cliff
Marte Cliff Copywriting - Priest River, ID
Your real estate writer

The state of the economy really is sad - and scary. And news coming from D.C. sounds like even more jobs will be going overseas by 2013.

Underwater homeowners should be thankful there are short sale agents like you who can at least save them from foreclosure.

Feb 18, 2012 05:22 PM #3
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Very good advice for home owners that are experiencing financial difficulties.  So many do nothing to protect their families and themselves.

Have an outstanding week!

Feb 18, 2012 09:33 PM #4
Lynn Pineda
eXp Realty - Boca Raton, FL
Real Estate Promises delivered in SE Florida

Patrick...thanks for your comment

Marte, so really is sad and things aren't getting better as the unemployment rate doesn't count those people who have quite filing as their benefits ran out yet they're still hurting and we just don't seem to be heading in the right direction. Plus there is so much misinformation for them to deal with that they just don't know whether or not they should consider selling their home as a Short sale or?! Thanks for your support too!

Roy, thanks alot! Sometimes it just seems easier for distressed sellers to ignore their situation when stress is so overwhelming. I try to let them know they have options and shouldn't just stick their heads in the sand as unfortunately, it doesn't go away. It's hard for them, I understand

Feb 19, 2012 07:00 AM #5
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Lynn Pineda

Real Estate Promises delivered in SE Florida
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