FORCLOSURE PROPERTIES SKYROCKETTING IN FLORIDA!

Foreclosure is the legal and professional proceeding in which a mortgage, or other lienholder, usually a lender, obtains a court ordered termination of a mortgagor's equitable right of redemption.

A foreclosure happens as a result of a homeowner’s default on their mortgage payments. When a homeowner can no longer make payments towards their mortgage, the lender will still need to collect the remaining debt. In order to do this, the lender will file for foreclosure, which gives them the right to sell the home in order to regain the amount owed on the mortgage debt.

Most foreclosures are sold by public auction, although some may be sold privately by banks as a result of repossession. Many others are sold by the owners in the pre-foreclosure stage in order to avoid a full blown foreclosure and public sale. All foreclosures offer a chance for homebuyers and investors to purchase property for discounted prices.

Florida foreclosures can be a great opportunity to find a bargain home.  Weather you’re planning to take advantage of the great deal from foreclosure properties or facing financial challenges and on the way to loosing your property, contact us for help. Please tell us your part of the story and we will contact you as soon as possible.