Avoiding Foreclosure in Orlando, Seek Expert Advise, Call Us Today!
What is foreclosure?
Foreclosure is when a property owner defaults on a mortgage loan and the lender/lienholder obtains a court order allowing them to seize and resell the property. Once a foreclosure is issued the homeowner no longer has equitable rights to the property. Foreclosure notice is typically issued when a property owner is 90 days late on their mortgage payments.
Negative Affects of Foreclosure
A foreclosure can be devastating not only to your life, but especially your credit. A foreclosure should be avoided at all cost. A foreclosure can damage your credit for up to 7 years, making it virtually impossible to get any type of conventional financing. Even if you qualify for traditional financing your interest rate, in most cases, will be so high you may end up paying double the amount of what your mortgage is actually worth.
How to STOP Foreclosure
If you are currently facing a foreclosure in Orlando, we urge you to ACT NOW! It is imperative to discuss all options that you have available to stop this process to prevent further damage. Before your home is foreclosed on it must go through the pre-foreclosure process. This will be the stage in which we can best assist you. The worst thing you can do is nothing or wait until it is too late! There may even be government funded programs or other options which would allow you to remain in your home. Please contact us immediately so that we can discuss all of your possiblities!
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Jerry LaRose is an Orlando Area Residential Real Estate Expert, who can assist you with the purchase and/or sale of Real Estate in Orlando, Windermere, Winter Garden Florida or any place in the country. Jerry has created a team of professionals throughout Orlando and the country to ensure that you enjoy a smooth transition to your new area. Please visit http://OrlandoShortSaleExpert.com or www.JerrySellsOrlando.com for your real estate needs. Please give me a call if you have questions about the Orlando and Central Florida real estate market.
P.S. If you are listing your home as a short sale in Orange or Osceola County Florida and Orlando, Windermere, Winter Garden, Kissimmee or Ocoee Florida make sure you hire an agent who knows how to do short sales and has the experience to get the job done. We are doing successful short sale packages. Call us at 407-580-7011 to find out more about Orange County Short Sales and Orlando Area Short Sales.
