What is the typical process for a foreclosure in FL?
by Mortgage Rates on Monday, September 20th, 2010 | 5 Comments
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IF you still have the original loan that you used to buy the condo…. and you used the condo as your primary residence, the lender will not come after you. If you put a 2nd loan or refinanced the condo, the law is more strict. They can come after you for any money they lost. You are correct, the short sale is a waste of time. See if the bank will let you sign the deed to them today. Why wait. /
Save your home and do what my brother did, Modify your loan he did it with the american modification agency. saved him from loosing it, and brought his interest rate down 4 points! not to mention forgived his missed payments by putting them to the back of his modified loan. email DShevlin@YourAMA.com or call dave at 516-506-4755
There are actually companies that will work with you for free to buy your mortgage away from your mortgage company and avoid your foreclosure. I would advise looking into this first. Try http://www.speedyrealestate.info. Good luck!
Bankruptsy that is the only option for people now in this situation, the bank can and most likely come after you for the money, wouldn’t you, if you were the lender? it’s not a one way street. just because you can’t make payments and they get your house, doesn’t mean the contract you signed to pay for the home is void.
You need experts advice, so contact these people for free consultation on any foreclosure issues. They have helped many save their homes.
Also check this link for Florida foreclosure laws