When facing foreclosure in Florida, there are options to avoid or lessen the impact. One option is to request a loan modification from your lender. Another option is to negotiate a forbearance agreement if you’re facing temporary financial hardship. Refinancing your mortgage to secure a lower interest rate or extend the loan term is another alternative. A short sale may be considered if the property’s value has decreased. Government programs like the Florida Hardest-Hit Fund (HHF) can provide assistance. Credit counseling can help create a budget and manage debts. Voluntary options include a deed in lieu of foreclosure or selling the property before foreclosure proceedings begin. It is important to act promptly, maintain communication with the lender, and seek professional advice. Carlos M. Amor is an experienced foreclosure defense attorney who can provide guidance on legal options.
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