The very first thing you should do when experiencing difficulty making mortgage payments is to contact your lender immediately should you want to keep your Lakeland home and before asking a Lakeland Real estate agent about a Lakeland Short Sale. The longer you wait and ignore the fact you are in financial distress the less favorable your lender may work out an option. Depending on your lender and your circumstances, solutions that may help you getting back on track:
- Extending your length of the loan, thereby reducing to lower payments
- Reduce Interest Rate on Mortgage
- Suspend mortgage payments temporarily
- Missed payments to be piggy-backed on your current loan
- Reducing your current loan amount
Valuable Credit, Foreclosure and Legal Resources to you:
- National Foundation for Credit Counseling 1-800-388-2227
- Making Home Affordable Program see if you can qualify
- Homeownership Preservation Foundation 1-888-995-HOPE
- HUD Approved Housing Counselor Agencies
- with Offices located in Tampa and Orlando
- Department of Veteran Affairs Regional Office in St. Petersburg, Florida
- Free Florida legal aid – Florida Attorneys team up together to help Floridians facing foreclosure – toll-free hot line (866-607-2187) taking calls from 10 a.m. through 4 p.m
If you have all your option exhausted and facing foreclosure, please give me a call at (863) 619-6918 for a confidential consultation – a Lakeland Short Sale may be your answer after all.