Your Florida House Buyer ® | We Buy Florida Houses Cash As-Is

If you have mortgaged your home and are unable to make the payments because of the housing market crash, the loss of your job or insufficient funds , then you must be worried about foreclosure . You may be receiving grave phone calls or visits to your home by people from the mortgage company who offer information and advice about what you should do. This is bad and often detrimental to your credit score . You could very well lose your property without making a profit . Trying to ignore the problem or letting others make decisions for you is not a wise move. It is best to study all the options available and make a decision yourself . There are quite a few options available . Bankruptcy must be your last option , as it drastically harms credit score ratings, and a bad credit score will adversely affect your chances of getting loans in the future and possibly jobs. There is however a temporary stay on the foreclosure process. Outright Sale If you have close family or...

People who are having problems making their mortgage payments and facing a financial crisis are often faced with a dilemma about what to give up. Sometimes, the idea of letting go of your home can be devastating , especially if you and your family have already invested a lot of money , time and effort into it. With so many memories you need to leave behind, it may seem difficult to face the future without looking back with some reservations. If you are facing foreclosure , you may be wondering if filing for bankruptcy can offer you reprieve from the consequences of a foreclosure or better yet, stop it . So does bankruptcy stop foreclosure and is it possible to use bankruptcy to avoid foreclosure? Bankruptcy vs. Foreclosure If you fail to make your mortgage payments , you may be in danger of foreclosure and lose your home . Foreclosure proceedings usually begin once the homeowner fails several times to pay the mortgage. If your finances have been hit this hard and...