Have you tried to short sale your property? Sometimes that's a better option. If you give me a call I'd be glad to discuss this option with you.
Shannon Moore, RealtorÂ®, 941-276-8142
Roxanne Moore, RealtorÂ®, 941-626-3926
Re/Max Anchor Realty
North Port/Port Charlotte
Pre-forclosure is when your house payment becomes 3 months in arrrears. The foreclosure process begins. In the State of Florida, a home can foreclose as soon as 7 months. It can be delayed, however, if you communicate with your lender itr is on the market to sell. They have the power to delay proceedings. That is why some seem longer to foreclose. If a lender knows the home is not homesteaded and/or vacant, they will foreclose faster. They tend to wait the full year if homesteaded. You will be served papers, and also papers or letter from their Attornies that the forclosure is complete after the court date from the judge. Once that is complete, you have 30 days to move out, or to make your loan up to date. Hope this helps. I have helped many people in this situation already. Please feel free to email for any other specific questions you might have.
We are sorry also. There is really no set period of time for this process. We do recommend that you either get someone to advocate for you or you advocate for yourself to see if special arrangements can be made with the lender.
In some cases lenders have delayed proceedings, reduced the monthly payment, etc in an effort to avoid foreclosing. Frankly, it depends on the company and their personal situation. But it won't hurt to approach them with possible alternatives.
The "Eckler Team"
Century 21 Alamar and Associates
I am so sorry for your situation. Have you thought about trying to renegotiate with your lender the terms of the mortgage, or perhaps find a Realtor in your area who could help you with a "Short Sale"? Not to give you any false hope but you just never know.
The process takes a while depending on the lender.