ATTENTION HOMEOWNERS !

We specialize in helping homeowners in financial distress.

In Florida, the number of homeowners facing mortgage payment difficulties are on the rise.  Many homeowners are finding it tough to pay a higher monthly payment required by a lender.  Many mortgage programs require a borrower to start paying a full monthly payment after couple of years of low payments.  A full payment may be 3-5 times more than you paid before, making it difficult to keep up with today's higher payment.

When a homeowner misses 3 mortgage payments, the lender can initiate the foreclosure procedure.  The lender files a lawsuit in a court and records "Lis Pendis" - a notice of pending lawsuit against the homeowner in default.  Court ruling will include amount owned to the lender by the borrower and the foreclosure sale date.  If you ruin your credit by having first mortgage lates, then a foreclosure.  This may cause you a serious finacial challenges for a next 7-10 years.  When you have bad credit, it can make renting an apartment difficult.  The landlord may demand a larger deposit than normal or require a higher rent.    Many potential employers also look at credit reports as a way to judge a person's resposibility.  

Once your credit is adversely affected by not paying the mortgage on time, your credit card companies will increase an interest rate on your credit cards because your credit score has dropped.

It is important to save not only your home but also your credit history.