Upside Down Florida Helps Floridian Home Owners Stay in their Homes
Website Dedicated to Helping Floridians: Find Mortgage Solutions, Avoid Foreclosure, Modify Adjustable Rates and Save Their Homes
Miami Beach, Florida — March 31, 2008 — The current mortgage and financial meltdown is still young; but relief is in the works for Floridians at Upside Down Florida. With its combined 50 years of business and real estate experience, Upside Down Florida is working with homeowners to avoid the foreclosure epidemic that is sweeping America and especially Florida. According to co-founder and Florida real estate attorney Aaron Resnick, the company works with mortgage service providers to help mitigate loan losses and keep Florida families in their homes when “possible and appropriate.”
Resnick suggests that homeowners should not panic just because they are facing foreclosure or because their home is worth less than their mortgage. “Walking away or simply allowing your home to be foreclosed upon is not the right decision as there are plenty of options out there to assist a homeowner in these trying times” states Resnick. According to Resnick, “that would be a big mistake” as “loss mitigation is generally less costly for banks, particularly when undertaken early in the process.”
Employees at this new company, which services owners in Florida and nationally, help their clients implement such strategies as loan modifications, deferral of payments, extension of existing loan terms, short sales, and conversion of adjustable rate mortgages into fixed rates.
“A foreclosure on your credit report is sometimes worse than a bankruptcy and there is a better way…a short sale,” noted co-founder and company President Lauren Atlas. A short sale can be the saving grace for many Florida homeowners facing foreclosure due to the tightening credit squeeze and falling home values.
The fact is that banks are highly motivated to short sale properties that are worth less than the mortgage especially if they are currently behind because foreclosure proceedings cost them money that they may not be able to recoup. “Banks are in the business of lending money, they have no desire to be landlords or own your home,” concludes Atlas.
Visit us today to receive free information on how a short sale or loan modification may save your property from foreclosure.
For a free consultation, please contact (904) 374-4473 or visit us for more information at www.upsidedownflorida.com
Article Directory: Article Dashboard http://www.articledashboard.com
More Mortgage Stuff:
Website Dedicated to Helping Floridians: Find Mortgage Solutions, Avoid Foreclosure, Modify Adjustable Rates and Save Their Homes Miami Beach, Florida — March 31, 2008 — The current mortgage and financial meltdown is still young; but relief is in the works for Floridians at Upside Down Florida. With its combined 50 years of business and real estate experience, Upside Down Florida is working with…
I am asked this question over and over again. What do I do If I’m upside down (means you owe more than its worth) on my house and I need to sell it quickly? There are a few options open to you. * You can sell it at a loss and try and make agreement with the bank to pay off the difference of what you owe and sell it for. * You can do a short sale. A short sale will not totally ruin your credit and …
I am asked this question over and over again. What do I do If I’m upside down (means you owe more than its worth) on my house and I need to sell it quickly? There are a few options open to you. * You can sell it at a loss and try and make agreement with the bank to pay off the difference of what you owe and sell it for. * You can do a short sale. A short sale will not totally ruin your credit and …
If you are a homeowner in Florida, and is looking for a way to pay your debt or financial assistant for your home improvement, medical support, child’s education or emergency purposes. Lenders of home equity loan in Florida might have the solution to your problems. A home equity loan allows the homeowner to have some financial assistance by using their property or home as a collateral. To know the…
In the recent wake of tourism events in Florida, it’s hard to believe that you should have a hard time getting an attractive Florida home equity loan. After all, residents are selling properties and tourists are clamoring to get in and perpetually reside there. About 60 million tourists visit the state every year. Warm weather and hundred of miles of immaculate white beaches paved the way heavily …
The state of Florida has the third-highest percentage of homes under water, according to a report by Santa Ana, Calif.-based First American CoreLogic , a real estate information company, Nationwide, more than 11.3 million, or 24 percent, of all … Go to Source…
Home mitigation companies work to help homeowners stop foreclosure, usually by modifying their loans so that they can afford to make their monthly payments. The first step that a home mortgage company will do is to give a free foreclosure consultation to the borrower. This examines the amount of money that is due on the property, the worth of the property, the term of the loan and the ability of t…
Home mitigation companies work to help homeowners stop foreclosure, usually by modifying their loans so that they can afford to make their monthly payments. The first step that a home mortgage company will do is to give a free foreclosure consultation to the borrower. This examines the amount of money that is due on the property, the worth of the property, the term of the loan and the ability of t…
A mortgage broker is a loan officer who works for you. When you make that big step towards buying a home, the broker will gather all your personal information including income, current debts and the amount of the home. The loan officer will work up a portfolio that has everything needed to qualify or disqualify you from obtaining a home mortgage. A mortgage broker works with many different compani…
A mortgage broker is a loan officer who works for you. When you make that big step towards buying a home, the broker will gather all your personal information including income, current debts and the amount of the home. The loan officer will work up a portfolio that has everything needed to qualify or disqualify you from obtaining a home mortgage. A mortgage broker works with many different compani…
Posted in Refinance