How To Avoid Foreclosure

AvoidForeclosure

There are nine ways to avoid foreclosure. They are listed below. Contact one of Davidson Realty's Certified Distressed Properties Experts (CDPE) to find out which one is the best solution for you.

  1. Reinstatement
  2. Forbearance
  3. Refinance
  4. Loan Modification
  5. Sell the Property
  6. Rent the Property
  7. Short Sale
  8. Deed in Lieu of Foreclosure
  9. Bankruptcy

Acceptable Hardships

A hardship is defined as: A material change in the financial situation of a homeowner that is or will affect their ability to pay their mortgage. Examples of financial hardships are:

  1. Loss of job
  2. Business failure
  3. Damage to property
  4. Death of spouse
  5. Death of family members
  6. Severe illness
  7. Inheritance
  8. Divorce
  9. Mandatory job relocation
  10. Medical bills
  11. Military service
  12. Payment increase or mortgage adjustment
  13. Insurance or tax increase
  14. Reduced income
  15. Separation
  16. Too much debt
  17. Incarceration

 

 

Florida Licensed Real Estate Broker