ACTION IS THE ONLY SOLUTION
Avoiding Foreclosure
First, we need to understand your situation so we can help you reach success in avoiding your pending foreclosure.
It’s easy to discover options on how to avoid foreclosure just by searching google. That’s a good start but generally speaking it doesn’t get things done. If you believe you are at risk of foreclosure or maybe you have formally entered the “preforeclosure” phase, you know the clock is ticking.
Inaction is your enemy.
Addressing your crisis in a timely manner is needed to beat the stress of the foreclosure clock as it tics day-by-day towards a potential foreclosure sale.
At the Florida Foreclosure Institute, we will take immediate action on your case because we know and understand all the mechanics and deadlines of the foreclosure process not to mention the emotional toll it takes out on you and your loved ones.
To better assist you, help us understand your situation by completing the form below.
· We will identify, qualify and process any financial assistance programs with you.
· We will help you stay in close communication with your lender to keep them informed.
· Together, we will be working with a team of HUD housing counselors, government agencies and state certified real estate Foreclosure Specialists in a concentrated effort so that you can keep your home while also saving your credit.
Learn More
Take Action Now by completing this form.
No worries...
There are no costs or obligations for our counseling services. EVER!
Meet the Team
Frank Arena
AGENTS STANDING BY
Joe Matuella
FOUNDER
Florida Foreclosure Institute, LLC.
Joe Matuella
AGENTS STANDING BY
Joe Matuella
COMMUNICATIONS
Pre-Counseling Supervisor for Foreclosure Risk
AGENTS STANDING BY
AGENTS STANDING BY
AGENTS STANDING BY
Call for a prequalifying counseling session resolve your foreclosure risk.
Reasons for Foreclosure
COVID ECONOMY
This is an unprecedented situation in the modern era. Public health concerns, radical changes in social behavior and government interventions have had a radical impact to our economy. Job losses, income reductions and entire market segments nearly erased due to new behaviors. Through no fault of your own, the ground beneath you has disappeared. Even with new government programs to help struggling homeowners, no one knows the future impact to the risk of foreclosure and foreclosed homes.
NEGATIVE EQUITY
This is when the value of loan is far more than the value of the home. When home values fall, negative equity can occur. The homeowners best options are to refinance or sell. This is often associated with "Short Sale". A short sale is when the lender gives permission to sell the home for an amount less than the remaining mortgage owed.
Rising Interest Rates
This risk is often associated with subprime loans that begin with low introductory interest rates and rise over time. The rising interest rates can drive the cost of the loan to unaffordable levels. When a homeowner can't make the payments in full, they are at risk.
The 5 D's (Reasons for foreclosure)
DEATH
The sudden death of a family member impacts every aspect of life including financial, especially when it is the primary or substantial income earner. If the decedent's income is not replaced, the surviving member may unable to continue making payments. We understand that this may be the most emotionally difficult circumstances to navigate.
DIVORCE
Divorce is not just an emotional roller coaster, it also creates financial stress. One person making payments instead of two, or if spousal support is missed, the person responsible to make the payments falls short. Or simply splitting the household income leaves one or both homeowners unable to make the mortgage payment.
DRUGS
Substance abuse, addiction and dependence affect people in all walks of life often impacting their ability to earn, manage daily life or simply afford anything beyond their addition. Substance abuse including alcoholism is a leading cause for eviction and foreclosed homes. If you suffer from substance abuse, seek counseling and reach out to us here at foreclosureinstitute.org.
DISEASE
Medical bills are the number one reason for bankruptcy in the US, so it only makes sense that it is a leading cause for foreclosure. Chronic illness, catastrophic medical problems, or injury may cause an inability to earn while creating mountain of debt. More bills/Less money - often results in foreclosure.
DENIAL
Denial is part of the human psyche and affects most people at one time or another. A variety of factors can contribute to ignoring their risks. Stress, health, relationships. They can all add up to cause a person to ignore their problems. Denial strips a homeowner of the most necessary element to resolve their foreclosure risk... TIME. Time is needed for your counseling to work out a new plan with the lender. We are here to help you face your challenge and understand your options.