Maintaining an investment property in Florida can be an effective way to create an additional source of income. However, you may not have been able to predict changes in the market and growing costs to maintain your second or even third property. Despite doing your best to keep up with these expenses on top of the property's mortgage, you might have still found yourself facing foreclosure. This can be a difficult experience, but it is not impossible to come out on the other side with a satisfactory solution.
Buying a home is a mark of adulthood and accomplishment in Florida. People often spend years establishing their careers, getting financially secure and saving up money before making the move to homeownership. When these homeowners fall on hard times and are faced with home foreclosure, it can be easy to be fooled by those looking to make money off of another's misfortune.
Owning a home is a foundational aspect of the American dream. However, that dream might be more attainable for some people in Florida than for others. While home foreclosure rates are down overall, some homeowners are still struggling with their mortgage payments.
Struggling to pay your monthly mortgage? While this can be an isolating experience, you are not alone. Other Florida homeowners have faced this exact situation, and many were able to come out on the other side without facing home foreclosure. However, avoiding foreclosure requires a proactive approach, so taking action sooner rather than later is usually best.
Owning a home is a monumental achievement of the American dream. Unfortunately for some Florida homeowners, that dream has proven to be more difficult than expected. Recent data indicates that some of those difficulties could be on the downward slide, with rates of home foreclosure less than they have been in several years.
A house is not always just a house. Florida homeowners build memories within the four walls of their homes, and leaving those memories behind is not an easy process. This is why the process of home foreclosure is not just a financial issue -- it is also an emotional one. All is not lost, though, and many homeowners have options to effectively stop foreclosure.
The banking behemoth Wells Fargo recently made national headlines after it admitted it wrongly foreclosed on hundreds of homes due to a computer error. The issue might not have been initially addressed, because another computer glitch was recently blamed for hundreds of more foreclosures. For those in Florida who are hoping to stop home foreclosure, this news may be particularly unsettling.
Losing a home to foreclosure is a traumatizing event that often feels unavoidable. Now, some experts believe there could be a way to minimize the risk of such an occurrence. Florida homeowners who bought houses in neighborhoods with a greater diversity of housing types may be less likely to face home foreclosure than those who bought in more homogenous areas.
Most people would do virtually whatever it takes to provide necessary end-of-life care for their loved ones. Unfortunately, for some in Florida, doing so can put them at risk for home foreclosure. An out-of-state man is currently in this exact situation and may soon lose his home as his wife's former nursing home comes after him for unpaid bills.
T-Pain is probably most well-known for his musical prowess, but music fans might be surprised to learn that the rapper recently lost his Florida home. Home foreclosure can happen to anyone, but there are steps that homeowners can take to stop or prevent the process altogether. However, individuals must be proactive in their approach.