| Avoid Foreclosure |
| Short Sale |
| Deed-In-Lieu |
| Forbearance |
| Mortgage Modification |
| Renting the Property |
| Bankruptcy |
| Mortgage Refinance |
| Short Refinance |
| Deed For Lease |
| Service Members Relief |
| Sale of Property |
Every lender and personal situation is unique, but you may be allowed to make-up missed payments and avoid foreclosure of your Tampa Bay home.
A forbearance or repayment plan may be negotiated with the lender to allow repayment of back-payments over an extended period of time.
A repayment plan, called a “Special Mortgage Forbearance Agreement” may be available through your lender’s Loss Mitigation department.
Forbearance agreements allow a borrower to temporarily pay less than the full amount of the mortgage payment during the forbearance period.
The outstanding mortgage payments are added at the back of the mortgage. These written agreements allow you to delay payments and reinstate a loan that is a minimum of three payments overdue. Contact your lender to learn about potential terms and availability.
For an overview of the options, contact the Bohannons at Coldwell Banker Residential Real Estate in Tampa, Florida.
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FTC DISCLAIMER: You may stop doing business with us at any time. You may accept or reject the offer of mortgage assistance we obtain from your lender [or servicer]. If you reject the offer, you do not have to pay us. If you accept the offer, you will have to pay us [per the listing agreement] for our services. Coldwell Banker & Team Bohannon are not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.
FURTHERMORE: The listing agent will not provide Sellers with legal or tax advice. Sellers should consult a certified public accountant in the matters of state and federal taxes. Sellers should seek independent Counsel such as a real estate attorney to understand the legal implications and questions about selling the property. The listing agent may only perform clerical functions relating to the “short sale” part of the transaction.
