There is lots of information and advise out there for homeowners that are facing foreclosure. Please know that as a licensed Realtor, I can help you understand your options.

Feel free to call me at (352)250-3320 for a FREE Confidential Consultation. Find out which option may be best for your individual situation.

No matter what your situation, you should contact your mortgage lender to find out what programs they offer and how they may be able to help you.

KNOW YOUR OPTIONS

OTHER ALTERNATIVES TO FORECLOSURE

REFINANCE

SELL AND BRING CASH TO CLOSING

LENDER WORKOUT

FOREBEARANCE – Lenders may let you make a partial payment, or skip payments if you have a reasonable plan to catch up. Tell your lender if you expect a tax refund, a bonus or a new job.

REINSTATEMENT – Reinstatement refers to making a payment that covers all your late payments, usually at the end of a forbearance period.

REPAYMENT PLAN – If you can’t afford reinstatement, but can start making payments to catch up, the lender may let you pay an additional amount each month until you are caught up.

LOAN MODIFICATION – Your lender may agree to amend your mortgage to help you avoid foreclosure.

SIGN OVER THE PROPERTY TO THE LENDER IN EXCHANGE FOR DEBT FORGIVENESS. This can hurt your credit, but is better than having a foreclosure in your credit history.

SHORT SALE

The Seller (1) owes more on the loan (and any other liens on the property) than the sale of the property will likely produce on the market AND (2) is unable or unwilling to bring money to closing.

DEED IN LIEU OF FORECLOSURE

This occurs when the borrower agrees to trade the property to the lender in exchange for the cancellation of the note.

FORECLOSURE

When the homeowner is only weeks away from the foreclosure sale taking place, the homeowner may not be able to pursue any of the previous options including a short sale. Contact an attorney at this point for advice.

DO NOTHING AND WALK AWAY

If the homeowner is simply unhappy that the value of the property is less than what they paid or owe, they need to contact an attorney for advice. Simply walking away from the loan or asking the lender to proceed with a short sale simply because the value went down may not be a viable option and if it is, there will often be additional financial consequences.

You don't have to go through a foreclosure. Help is available. There are many alternatives to foreclosure. Contact Me Today

I am your Short Sale Foreclosure Resource.

Tavares Listing Agent Well-maintained two bedroom two bath home in Fox Run Community. Deeded access to Harris Chain of Lakes. Community features marina, clubhouse, two pools, shuffleboard, boat slips and nature walk. This home is spacious and has large eat-in kitchen with all appliances. *New AC in 2008Main areas of the home have carpet, kitchen has new laminate flooring. Lots of natural light. Windows have blinds and plantation shutters.* Inside utility complete with washer and dryer. Entertain or relax on screen patio. Covered one-car carport and workshop/shed. Close to shopping, dining, parks, medical facilities and only a short drive to The Villages.	Umatilla Listing Agent Bank Owned Gorgeous lakefront lot waiting for your home. Total of 5.1 acres, 2.1 high and dry. Small neighborhood of lakefront homes. Fish and enjoy your small boat on the lake.
Ferndale Listing Agent Bank Owned Bank-owned! 36 acres of land in South Lake County. Located in Ferndale close to Montverde, Bella Collina and Sugarloaf Mountain. Located on paved road with gorgeous oaks. Zoned Agriculture. Barbed wire fencing along 3rd Ave frontage.	Montverde Listing Agent Bank Owned BANK-OWNED! Opportunity to own an amazing one-acre lot with the most expansive views of Lake Apopka. Tuscan inspired Bella Collina is built on 1900 rolling acres on Lake Siena and Lake Apopka. Privated gated golf and equestrian community designed for 800 homes. Close to shopping and dining yet secluded. Community to include softball, soccer, tennis facilities, pools, biking/walking trails, children's playgrounds and fitness center. Mandatory Bella Collina membership. On top of the hill is Bella Collinas stunning clubhouse ... 50,000 square feet of luxury with handcrafted details and authentic Tuscan designs. It features a country club, restaurants, full-service spa, meeting salons, wine cellar and breathtaking views. Surrounding the clubhouse is the 18-hole Championship Golf Course designed by Nick Faldo. LOCATED JUST MINUTES TO ORLANDO.
Mount Dora Listing Agent 2/2 WITH OFFICE LOCATED IN THE COUNTRY CLUB OF MOUNT DORA. DECORATOR COLORS, WINDOW TREATMENTS AND NEW PLANTATION SHUTTERS THROUGHOUT. HOME FEATURES FORMAL DINING AREA, KITCHEN WITH BREAKFAST BAR AND CLOSET PANTRY. MASTER BEDROOM IS SPACIOUS AND THE MASTER BATH HAS A LARGE WALK-IN CLOSET.	Eustis Listing Agent Short Sale SHORT SALE.*BACK ON MARKET!! LENDER APPROVED* UPSON DOWNS IN BLACK BEAR GOLF COMMUNITY. 4/2 BATH HOME ON LARGE CORNER LOT. CLOSE TO CLUBHOUSE.
Eustis Listing Agent EUSTIS 3/2 pool home with two-car garage in Arbor Hills. This block home features 1756 air conditioned square feet and built in 1997. Home features two master bedrooms one with pool bath featuring large shower.	Tavares Listing and Selling Agent Bank Owned BANK OWNED IN ROD N REEL CLUB! COMPLETELY UPDATED HOME with access to Lake Harris. 2 bedroom, 2 bath brick home featuring 1493 A/C SF in Rod n Reel Club. HOA includes water for the home and irrigation. Deeded lake frontage and boat slip. This home will not last at this price! Call to see it today.
Grand Island Listing and Selling Agent WEDGEWOOD IN GRAND ISLAND** 3 bedroom 2 bath pool home with workshop and two car garage. You will be impressed from the moment you drive up! Mature trees grace the front yard complete with landscaping and fountain. Tiled foyer and leaded glass door welcome you into this bright spacious home.	Leesburg Selling Agent Legacy of Leesburg in Leesburg, Florida 3/2 Scarsborough split floor plan with expanded bedrooms is a true beauty you will want to see! All the bells & whistles.
Umatilla Listing Agent Short Sale *LENDER APPROVED SHORT SALE AT THIS PRICE* COMPLETELY RENOVATED 1914 VINTAGE CHARMER IN CITY OF UMATILLA. WALKING DISTANCE TO SCHOOLS	Eustis Listing Agent Short Sale BANK SAYS SHORT SALE!!3 BEDROOM 2 BATHROOM HOME IN ABRAMS RIDGE SUBDIVISION. THIS HOME FEATURES A LARGE GREAT ROOM WITH PLANK STYLE LAMINATE FLOORING, WOOD BURNING FIREPLACE AND SLIDING DOORS LEADING TO THE BACKYARD.
Clermont Selling Agent Short Sale SHORT SALE IN LAKE LOUISA HIGHLANDS, CLERMONT, FLORIDA! Beautifully decorated - designer colors - crown molding - rounded corners. Kitchen has cherry cabinetry, stainless appliances, smooth-top range. Den/Office w/ French Doors. Plantation shutter in Master Bedroom. Glass front door.	Eustis Selling Agent REO Property CLARMART IN BLACK BEAR HOME 1 ACRE LOT. PLENTY OF ROOM FOR A POOL. ALREADY HAS A COVERED PATIO. EXCELLENT SPLIT BEDROOM PLAN MAXIMIZES PRIVACY. THREE FULL BATHS. GREAT VALUE, NEW STOVE, REFRIGERATOR AND DISHWASHER.
Eustis Listing Agent Short Sale *BANK APPROVED SHORT SALE*.GORGEOUS HOME 4/3/3 LOCATED ON A CORNER LOT WITH A WATER VIEW. BLACK BEAR GOLF COMMUNITY IN EUSTIS, FLORIDA	Eustis Selling Agent 3000 SQUARE FOOT BRAND NEW HOME! Lake front almost one full acre corner lot! Full new home warranty. Only $1,000 down. Builder pays ALL closing costs with preferred lender. YOU MUST SEE THIS BEAUTIFUL LAKEFRONT HOME!
Summerfield Selling Agent SPRUCE CREEK IN SUMMERFIELD, FLORIDA. NEAR THE VILLAGES. Immaculately kept inside and out. Thermal Windows, Garden with Fish Pond.	Eustis Listing Agent FISH AND BOAT ON LAKE EUSTIS.*GORGEOUS 3 BEDROOM 2 1/2 BATH POOL HOME ON LAKE EUSTIS WITH BOAT HOUSE, REBUILT DOCK AND NEW ALUMINUM BOAT HOIST2 WOOD BURNING FIREPLACESCANAL FRONTAGE AND 200' OF LAKE FRONTAGE**.
Eustis Listing Agent CROOKED LAKE RIDGE** WELL MAINTAINED EUSTIS HOME. HILLTOP 3 BEDROOM 2 BATHROOM SPLIT PLAN BLOCK HOME; BRIGHT OPEN FLOOR PLAN AND LARGE SCREENED REAR PORCH MAKES THIS HOME GREAT FOR ENTERTAINING.	Tavares Co-Listing Agent Short Sale SHORT SALE! 4 BEDROOM 2 AND A 1/2 BATH TWO STORY HOME WITH JUST UNDER 2600 SQ FT OF LIVING AREA IN MARTINS GROVE, TAVARES, FLORIDA. CERAMIC TILE IN ALL WET AREAS, STAINLESS STEEL APPLIANCES.
Eustis Selling Agent !! MANY UPGRADES THROUGH-OUT!! THREE BEDROOM,TWO BATH BLOCK HOME. AFFORDABLE AND READY TO MOVE INTO.REMODELED KITCHEN WITH NEW APPLIANCES, NEW ROOF, FRESHLY PAINTED THROUGH-OUT, NEW FIXTURES, NEW INSULATED WINDOWS.	Mount Dora Listing Agent SYLVAN SHORES, MT, DORA, FLORIDA 3/2 BLOCK HOME IN MT DORA. BACK YARD IS COMPLETELY FENCED AND HAS STORAGE SHED. LARGE GATES ACCOMMODATE RIDING MOWER.
Leesburg Listing Agent GREAT 3/2 BLOCK HOME WITH ALMOST 2000 SQ FT OF AC SPACE. *ENJOY SCREENED HEATED POOL YR RD AND WOOD BURNING FIREPLACE IN THE WINTER.* THIS COULD BE A GREAT HOME WITH A LITTLE TLC.	Leesburg Listing Agent BASSVILLE PARK AREA 3/2 BLOCK HOME CONVENIENT TO MALL, RESTAURANTS AND SCHOOLS. HOME HAS FRESHLY PAINTED EXTERIOR WITH NEWER ROOF AND NEW AC.
Eustis Listing Agent Short Sale BANK SAYS SHORT SALE! 2 HOMES IN EUSTIS FOR THE PRICE OF ONE. 2 BEDROOM 1 BATH WITH BEDROOM ADDITION OFF KITCHEN. ADDITIONAL 1 BEDROOM 1 BATH APARTMENT. NEED TLC.	Tavares Listing Agent FOX RUN ADULT COMMUNITY IN TAVARES, FLORIDA*MOVE IN READY* 2 BEDROOM 2 BATH HOME WITH DEEDED ACCESS TO HARRIS CHAIN OF LAKES. COMMUNITY FEATURES MARINA, CLUBHOUSE, 2 COMMUNITY POOLS, SHUFFLEBOARD, BOAT SLIPS AND NATURE WALK AROUND COMMUNITY.
Leesburg Listing Agent Short Sale SHORT SALE IN CRESTRIDGE, LEESBURG, FLORIDA*LENDER APPROVED AT LIST PRICE*GET A GREAT DEAL ON THIS BRAND NEW MODEL HOME THAT HAS NEVER BEEN LIVED IN!

Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 09/03/2010. The listing information on this page last changed on 09/03/2010. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of MFR MLS (last updated Fri 09/03/2010 9:27:33 AM EST). Real estate listings held by brokerage firms other than ERA Tom Grizzard Inc. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved. --
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