In the State of Florida, home foreclosure is not a sprint; it is a marathon. Furthermore, our judicial process gives homeowners a better chance to finish strong.
In Florida, it takes over 900 days to foreclose on most homes. What could you do in 900 days? That is two-and-a-half years from now. Where do you see yourself in two-and-a-half years? A lot can happen in that period, and you can use that time to work towards a more favorable outcome, like a mortgage modification or a short sale.
If you are facing foreclosure, your fiscal fitness is going to suffer, but the idea is to retain as much credit as possible so you can recover faster. A mortgage modification or short sale usually allows the homeowner to finish in a stronger financial position than if the foreclosure is completed.
Despite the long foreclosure process, you may need the help of a third-party professional to pursue a foreclosure alternative. Mortgage modifications and short sales are not known for their rapid timeframe. You may need a defense attorney to address the legal aspects of your case while you continue to pursue an alternative outcome.
Seek competent legal counsel to discuss your circumstances and possible defenses. Learn about your legal choices so you can make informed decisions for your strongest finish possible.