The idea that the bank could take away our house is terrifying (it gives us a lot fear), which is why a foreclosure can be a very intimidating process and should not
face it without legal help. After having defended hundreds of families from the foreclosure I can tell you that there are many options available, but you must act
quickly, and wisely … The first thing is to define if you want, and can continue living In the House. Knowing this and what your financial status is, we can choose one strategies… For example: If you want to save your house and continue living in it, we can negotiate with the bank a deferment plan, which allows you to add months to the end of the loan … you can also pay the entire amount you owe to the bank in one payment, which is known as lumpsum payment … another option is to negotiate a period of forbearance, which is a short period of time in which the bank allows you to NO make payments … If your financial crisis is over, you can propose to the bank a plan of payments in addition to your monthly payment to pay off the debt, or negotiate a modification of your loan, which may be convenient if interest rates are low … You can also file a Chapter 13 bankruptcy, and include payments of your mortgage within the payment plan, or a Chapter 7 to eliminate all your accounts and be able to save your house … If you are willing to move, you can make a short- exits the property, which is to sell your property at the minimum cost that the bank would agree to receive, or can discharge the entire debt without reaffirming it in a chapter 7 and start over … there are also more creative strategies than some advisors financial institutions recommend, but you need to be careful not to get scammed or do something that is outside the law … The most important thing is to understand that in Florida there are laws that help you save your home from foreclosure, believe it or not, you can save your home even after being sold at auction, but you need a lawyer you know what you are doing and act agile