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4 Tips for Avoiding a Miami Foreclosure

Author: Tommy Wyher
by Tommy Wyher
Posted: Apr 27, 2016

Dealing with the possibility of losing your home can be one of the most stressful times in life. However, millions of people are faced with the potential of losing a home due to difficult financial times. If you find yourself in this situation, there are things you can do to help you avoid going through a foreclosure. Paying close attention to these can be an ideal solution for numerous homeowners. You should also consider contacting a DJJ Foreclosure Law Attorney that can properly advise you, as well.

Tip #1: Don’t ignore it

Missing only one payment could cause you the foreclosure process to begin You will likely get a notice from your lender regarding this.

If you fail to continue to make payments, you will receive a letter of default from you lender, and you will want to be sure to avoid this. It’s important to address the problem as soon as possible.

You should contact your lender and discuss ways for you to make your payments easier, such as refinancing the loan or making payments as soon as you can.

Tip #2: Know your mortgage rights

Your Miami foreclosure lawyer is sure to inform you that there are varying mortgage rights for different loan types. It’s ideal to be aware of what the terms and conditions of your loan actually state.

Doing so can prevent you from facing foreclosure and is good information to have on hand at all times.

Tip #3: Sell other assets

You may want to take a close look at some of your other assets to determine if you can sell these. Having a car that you don’t use that frequently or antiques that can help bring in some extra cash may be all you need to hold on to your home and make the mortgage payment.

There are numerous online websites that can make this easier for you. Simply take the time to create an attractive listing with detailed pictures and this can help you get your assets sold quickly.

Tip #4: Avoid closure prevention companies

If you contact a Miami foreclosure attorney to assist you, it’s likely you’ll hear the advice to avoid working with a closure prevention company. These companies typically charge steep fees and simply want to get your money.

There are many other sites that will provide you with free advice and tips that can assist you in keeping your home. You should strongly consider using any and all money you have to pay your mortgage instead.

It’s possible you will be capable of overcoming the potential of losing your home. This can be a scary time, but there are other options. It’s ideal to rely on the expertise of a Miami, FL foreclosure lawyer to assist in finding other solutions or to be there for legal advice.

About the Author

Tommy Wyher is a Tampa native who works in various startups.

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Author: Tommy Wyher

Tommy Wyher

Member since: Nov 02, 2015
Published articles: 12

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