F O R E C L O S U R E

Did you know that according to an article of the REALTOR Association there is actually 1 out of 40 home-owners who are suffering foreclosure in Central Florida. And unfortunaltely, it looks that there will be more in the near future. Reasons for this trend are as well loss of job, serious illness or divorce, but one main reason is also the wrong concept of choosen financing because the fixed rates of an Option ARM (=Adjustable Rate Mortgage) are now sky-rocketing after 2, 3 or 5 years of fixed rates and due to decreased market value of the property it is in some cases almost impossible to re-finance.

But there are sometimes options to consider and ways around foreclosure. But people often wait too long. If you are late with your mortgage payments for more than 2 months you should contact us immediately or talk to your mortgage company, or you risk to loose your home.

We know how you may get around foreclosure or even bancruptcy, we are able to assist you and the earlier you contact us the better we may be able to help you solving your problem.

SALE due to FORECLOSURE 

Florida is a state with the right of redemption, which means every person who is in a process of foreclosure has the right to avoid final act of foreclosure by paying the debt balance in full (by selling the property before it comes to final foreclosure). Since foreclosure and bankruptcy is seen as a serious act, which stays in personal records (for example in the credit history) for up to 10 years , it  will be more than difficult in future to get new credit.

So, in most cases the person in foreclosure decides to sell the property as soon as possible for which he has time until the act of foreclosure happenes, which gives him a few months time to put the property on sale. In this case you should also contact an experienced REALTOR to get out the most of the transaction, he can also assist you talking to banks, lenders and the foreclosure-attorney.

BUY a FORECLOSED HOME, BID for a BANK owned or GOVERNMENT owned HOME  

Interested homebuyers or investors should contact us to find out which homes are actually on sale due to foreclosure. We have access to foreclosed home and can assist you to buy or bid on such homes. There are also homes on the market which are owned by lenders or banks. Most of these homes were already foreclosed or taken back by lender or bank. And even government agencies are selling homes for different reasons. Please contact us to give you an overview of actual opportunities. In some cases these homes can be acquired for up to 25 % below market price.