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How do I stop a foreclosure in Florida?

On Behalf of | Jul 17, 2018 | Mortgages |

It’s not uncommon for people to struggle to pay the bills. Everyone seems to go through a rough patch in life. It just happens sometimes. Whether it’s caused by being laid off, an injury or you simply cannot find work, many people have trouble making it month to month. When you fail to pay your mortgage, things can go south quickly, including the foreclosure of your home. So, how do you stop a foreclosure in Fort Lauderdale?

People often think that their lender doesn’t care what happens to them. This is far from the truth. Lenders would prefer to work with you instead of going through the hassle of foreclosing on a property. Talk to your lender and let them know what’s going on in your life. They will work with you by creating a payment plan. Just make sure you don’t wait too long to contact them. Continue paying your bills and don’t wait to call until you haven’t made payments for months on end.

You should also seek help from the Making Home Affordable (MHA) program. This program gives you access to counselors free of charge. These counselors will help you find ways to remain in your Broward County home or help you get out of your home in a safe manner.

Do you have a Federal Housing Authority (FHA) loan? If so, call the FHA ty to talk with a representative about your financial troubles so you can find out the steps to take to avoid foreclosure.

Stopping a foreclosure is not as easy as it looks. It’s best to have a lawyer on your side in order to avoid the risk of losing your home in Fort Lauderdale.