I am not an attorney and I am not giving legal advice. I AM giving you real estate advice to seek legal advice.
Our team does help a lot of people in this type of situation with a short sale. We help by helping homeowners sell their home for less than they owe on their home.
You have to be careful. There are many out there who are trying to feed off of people in an unfortunate situation with their home.
When you are served your initial reaction is probably to crawl into a hole and hide. Most people we have talked to have frozen up and failed to do anything. Please don't do this!
You have a few options. Please explore them, research them and do what is right for you.
Here are a few of the options you can explore:
- CALL A REAL ESTATE ATTORNEY WHO SPECIALIZES IN FIGHTING JACKSONVILLE FORECLOSURES. That is the first option. Many of these attorneys give free initial consultations. The key is to talk to someone who specializes in this. You will get an entirely different answer if you talk to a bankruptcy attorney vs. a foreclosure defense attorney.
- Try to get a loan modification with your lender. Once there is a lawsuit in progress and the lender is suing you for foreclosure, it is a good idea to have a foreclosure defense attorney involved. The bank will not stop the foreclosure just because you are trying to get a modification.
- BE AWARE there are people out there who will try to get you to sign over title to your house to them and will make you promises about what they are going to do for you. Do not fall victim to this scam.
- Consider selling your home in a Jacksonville short sale. Talk to a real estate professional who knows how to do a Jacksonville short sale correctly. This is a very complex real estate transaction. It is not easy and should not be trusted to just anyone. The bank will not stop the foreclosure process just because you are attempting to short sale your Jacksonville property. That is another reason that speed and expertise is crucial! Be aware that depending on the bank involved or the number of mortgages and other liens your situation can be far more complicated than average.
Understand how have a foreclosure vs. a short sale on your credit report will matter to you in the years to come. While they stay on your credit report for a specific amount of time, current lending standards make recovering from a short sale easier and faster than recovering from a foreclosure. If someone tells you it doesn't matter to you, seek alternate advice because there is definitely a difference. Do your own research, educate yourself.
Whatever you do, don't just do nothing.
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