Keeping Your Home and Your Dignity

If you live in Florida and are at risk of losing your home due to delinquent mortgage payments, you can stop foreclosure in Florida by taking a few easy steps and start working your way back to fixing your good credit.

When you become late on your mortgage payments, it does not mean that the banks and lenders immediately come in and change the locks on your house, essentially leaving you homeless. There are certain criteria that must be followed where foreclosure is concerned. Your mortgage company must file a lawsuit with the courts (also called a Notice of Default) and go through the entire court process before it can proceed with the foreclosure of your home. In the state of Florida, the foreclosure time is normally a very quick process, leaving you very little time to get on track and repay your delinquent loan payment.

Do not avoid calls from your lender. These calls are crucial in trying to establish a payment plan for your late payment. It is not the desire of your loan company to tear your from your home; however, they must protect their assets as well. Discussing with them the reasons for your late payment(s) and when you expect you will be able to make up the payment is vital in keeping them from filing a default notice.

In Florida, you also have the option (albeit drastic) to file Chapter 11 bankruptcy. In doing this, you may be able to pay back the loan payment in designated installments. Filing Chapter 11 bankruptcy will certainly destroy your credit and it will take you at least seven entire years to begin a good credit standing and wipe the Chapter 11 filing off of your report. As said above, it is a drastic measure to take, but it may also allow you to keep your home.

Selling your home, in today's buyer friendly market is also away to keep yourself in a good credit standing, while being able to wash your hands of any mortgage payments. Pricing your home at a reasonable price will get eager buyers interested and will let you be able to stop foreclosure in Florida. Selling your home will ease the strain of having to make a mortgage payment and will give you a little breathing room to build up your credit. Doing this will one day allow you to make another attempt at owning a home.





Credit Secrets Bible ! The #1 Credit Course In America Click Here!

Everything You Know Is Wrong! About Being Debt Free That Is!! And It Will Keep You In Debt The Rest Of Your Life! Click Here!

Credit Repair Secrets Revealed! Credit Repair Is A Hot Topic Click Here!

Guaranteed Bad Credit Financing. Receive A Loan Or Credit Card Even With Bankruptcy!
Click Here!

Living On A Dime - Financial Independence Through Better Life Choices. Publisher Of E-books About Paying Off Debt, Saving Money, Frugal Cooking And Homemaking. Click Here!

Eliminate Debt Fast Without Bankruptcy Or Debt Consolidation. Click Here To Learn The Amazing Secrets Of How I Got Rid Of $63,000 Of Debt In Only 4 Months Without Filing Bankruptcy Or Using Any Type Of Debt Consolidation Service! Click Here!

My Miracle Loans Learn How To Easily Borrow Up To $1 Million Cash In Less Than 7 Days All With No Credit Check, No Collateral, No Proof Of Income, And No Interest Fees! Click Here!

Bad Credit Personal Loan Source. Bad Credit Personal Loans Regardless Of Bad Credit - Up To $25,000. Click Here!