In this economic environment we're experiencing hardships in many areas, but Florida homeowners in particular are experiencing a fair amount of 'distress'...distressed homes that is.
A distressed property is any home that is potentially about to foreclose or be short saled. No one wants to lose their home. The best thing you can do if you are having to consider that possibility is to get educated, and to do it quickly. Armed with information you increase your options for saving your home.
There are couple of ways you can do this --
The Making Home Affordable program provides information about a current program to help reduce the cost of your mortgage via a Mortgage Renogiation. Find out if you qualify.
You can talk to us or any professional real estate agent about what your options are -- short sale is a way to avoid damaging your credit but getting out from under your home payments.
Foreclosure should be your last option. Contact us to find out what your options are and how we can help you to stay in your home.
