STOP FORECLOSURE

Are you at risk of foreclosure and losing your home?

Foreclosure doesn't happen suddenly

Have you missed your house payment?

You need help now.  Search for a HUD-approved housing counselor or a Foreclosure Attorney.

Haven't missed a house payment yet, but afraid you might?

Has your financial situation changed due to a mortgage payment increase, loss of job, divorce, medical expenses, increase in taxes or other reasons? 

  • Is your credit card debt becoming unmanageable?
  • Are you using your credit cards to buy groceries?
  • Is it becoming difficult to pay all your monthly bills on time?

If it’s becoming harder to make your house payment each month:

Search for a HUD-approved housing counselor or a Foreclosure Attorney.

Few people think they will lose their home, they think they have more time. Here's how it happens.

First month missed payment – your lender will contact you by letter or phone. A housing counselor can help.

Second month missed payment – your lender is likely to begin calling you to discuss why you have not made your payments. It is important that you take their phone calls. Talk to your lender and explain your situation and what you are trying to do to resolve it. At this time, you still may be able to make one payment to prevent yourself from falling three months behind. A housing counselor can help.

Third month missed payment – after the third payment is missed, you will receive a letter from you lender stating the amount you are delinquent, and that you have 30 days to bring your mortgage current. This is called a "Demand Letter" or "Notice to Accelerate". If you do not pay the specified amount or make some type of arrangements by the given date, the lender may begin foreclosure proceedings. They are unlikely to accept less than the total due without arrangements being made if you receive this letter. You still have time to work something out with your lender. A housing counselor can still help.

Fourth month missed payment – now you are nearing the end of time allowed in your Demand or Notice to Accelerate Letter. When the 30 days ends, if you have not paid the full amount or worked our arrangements you will be referred to your lender's attorneys. You will incur all attorney fees as part of your delinquency. A housing counselor can still help you.
Sheriff's or Public Trustee's Sale – the attorney will schedule a Sale. This is the actual day of foreclosure. You may be notified of the date by mail, a notice is taped to your door, and the sale may be advertised in a local paper. The time between the Demand or Notice to Accelerate Letter and the actual Sale varies by state. In some states it can be as quick as 2-3 months. This is not the move-out date, but the end is near. You have until the date of sale to make arrangements with your lender, or pay the total amount owed, including attorney fees.

Redemption Period – after the sale date, you may enter a redemption period. You will be notified of your time frame on the same notice that your state uses for your Sheriff's or

Public Trustee's Sale.
Important: Stay in contact with your lender and get assistance as early as possible. All dates are estimated, and vary according to your state and your mortgage company.

Tips for Avoiding Foreclosure

Are you having trouble keeping up with your mortgage payments? Have you received a notice from your lender asking you to contact them?

Don't ignore the letters from your lender.

  • Contact your lender immediately
  • Contact a HUD-approved housing counselor or a Foreclosure Attorney

1. Don't ignore the problem.

The further behind you become, the harder it will be to reinstate your loan and the more likely that you will lose your house.

2. Contact your lender as soon as you realize that you have a problem.

Lenders do not want your house. They have options to help borrowers through difficult financial times.  

3. Open and respond to all mail from your lender.

The first notices you receive will offer good information about foreclosure prevention options that can help you weather financial problems.  Later mail may include important notice of pending legal action.  Your failure to open the mail will not be an excuse in foreclosure court.

4. Know your mortgage rights.

Find your loan documents and read them so you know what your lender may do if you can't make your payments.  Learn about the foreclosure laws and timeframes in your state (as every state is different) by contacting the State Government Housing Office. 

5. Understand foreclosure prevention options.

Valuable information about foreclosure prevention (also called loss mitigation) options can be found on the

6. Contact a HUD-approved housing counselor or a foreclosure lawyer .

The U.S. Department of Housing and Urban Development (HUD) funds housing counseling nationwide.  Housing volunteers (counselors)  can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance.  You should always explore the option of going to a Foreclosure Attorney. They will charge you a fee but they are the best option when you need to save your home from foreclosure.

7. Prioritize your spending.

After healthcare, keeping your house should be your first priority.  Review your finances and see where you can cut spending in order to make your mortgage payment.  Look for optional expenses-cable TV, memberships, entertainment-that you can eliminate. Delay payments on credit cards and other "unsecured" debt until you have paid your mortgage.

8. Use your assets. 

Do you have assets-a second car, jewelry, a whole life insurance policy-that you can sell for cash to help reinstate your loan? Can anyone in your household get an extra job to bring in additional income?  Even if these efforts don't significantly increase your available cash or your income, they demonstrate to your lender that you are willing to make sacrifices to keep your home. 

9. Don't lose your house to foreclosure recovery scams!

If any firm claims they can stop your foreclosure immediately if you sign a document appointing them to act on your behalf, you may well be signing over the title to your property and becoming a renter in your own home!  Never sign a legal document without reading and understanding all the terms and getting professional advice from an attorney, a trusted real estate professional, or a HUD approved housing counselor.
If you are going to work with a private housing counselor make sure you check their business in the better business bureau.  Many of this companies are legitimate business but there are some con artist that just want to take your money.

WHERE TO FIND A FORECLOSURE COUNSELOR

You can go directly to one of the HUD agencies. They usually are busy and staffed with voluteers but they will try to help you as much as their resources or time and people allow them

You can also hire a Foreclosure Attorney or a Foreclosure Lawyer in your city. We can refer you to legal services in Florida. Miami Dade County , Broward County and Palm Beach County.

The following cities are the cities of those counties