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FORECLOSURE

The Matt Walsh Group helps people avoid foreclosure on their homes. 

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561-886-8456

Avoiding Foreclosure is always your best option. We can help!

Hello, my name is Matt Walsh, and I’m a local real estate agent. I’m here to discuss your situation and help you discover all the options available to you! If you are concerned about losing your home and tired of the barrage of phone calls and certified letters from your lender, we should talk. My team and I are here to help you avoid foreclosure and protect your equity. Our job is to help you get out from under the crippling payments, give you peace of mind, while protecting your largest investment. If selling your home is the best solution, we can get it sold quickly.
I can also give you contact information for local attorneys.
Once you get behind on your payments, time is of the essence. Please call me today.

Sincerely,
Matt Walsh

When you borrow from a lender you are obligated to pay back the entire loan, usually through monthly installments. Signing a mortgage, by law, means you agree to pay the lender back in full as per the agreed terms. Failure to make payments is a breach of contract, and as a result the lender has the legal right to take back your home. The process of repossessing your home is known as foreclosure.

A study by the Federal Deposit Insurance Corporation (FDIC) shows that one out of every 200 homes will be foreclosed.
Every 3 months, 250,000 families enter into the foreclosure process.
From 2006 to 2016 more than 6.3 million foreclosures took place. 

An estimated 63% of Americans had their personal finances affected by the Covid-19 pandemic.
52% of American employees live paycheck to paycheck.
46% of American households have less than $5,000 in liquid assets.
43% of American households spend more money than they earn.
42% of American households do not have enough liquid assets to support themselves for 3 months.
39% of Americans have enough cash to cover a $1,000 emergency.
About 30% of Americans have less than $300 in savings.
Many Americans live on a tight budget and are susceptible to a downturn in the economy.
With the above statistics, it is easy to see how some people can get behind on their mortgage payments.

Our Services

Receiving the cash offer does not mean you are obligated to move forward. At this point, you are simply testing the market.

Home Selling System

Receiving the cash offer does not mean you are obligated to move forward. At this point, you are simply testing the market.
Service to get you the absolute highest price for your home.

Home Valuation

Service to get you the absolute highest price for your home.
Utilizing demographic research specific to your home’s features to find the most opportune buyers.

Target Focused Marketing

Utilizing demographic research specific to your home’s features to find the most opportune buyers.
Offers a performance guarantee. Someone that can demonstrate a huge supply of ready, willing and able buyers can increase the demand on your home.

Real Estate

Offers a performance guarantee. Someone that can demonstrate a huge supply of ready, willing and able buyers can increase the demand on your home.

FAQs

Q: What is foreclosure?
A: Foreclosure is a legal process of repossessing your home.
Q: When do foreclosure proceedings start?
A: In most cases, foreclosure proceedings start when the borrower falls behind on their mortgage payment.
Q: How many payments can I miss before my lender files a Notice of Default on my property?
A: Once the borrower is more than 120 days late, their lender has the legal ability to reclaim the home.
Q: When does the foreclosure process begin?
A: The mortgage lender files a civil action complaint against the borrower by sending a written notice of default.
Q: How much time do I have after a Notice of Default is filed?
A: Generally, the typical timeline for an uncontested foreclosure in Florida takes about six months. If the borrower contests the action, seeks delays or files for bankruptcy, it takes about one year.
Q: Who can foreclose on my property?
A: Your mortgage lender. The Mortgage is the legal instrument that creates a lien on the property as security for the debt owed to the bank. If the borrower defaults on their payments, the bank uses this legal document to foreclose on the home. The note is their promise to pay.
Q: Can a tax lien be used to foreclose on your home?
A: If you get behind on your property taxes, federal, state and local tax agencies can initiate a tax sale.
Q: Can I stop foreclosure by paying the past due amount?
A: Absolutely, you can bring your loan current and avoid the foreclosure sale by paying the past due amount, plus penalties. Other options include selling your home, mortgage forbearance, loan modification, repayment plan refinancing, selling your home and or filing for bankruptcy.
Q: Can I file bankruptcy to prevent the foreclosure?
A: The moment you file for bankruptcy, an “automatic stay” is imposed on your assets, which may put a temporary stop, on the foreclosure.
Q: If I lose my property through foreclosure, can I get any money from the foreclosure sale?
A: Yes. If there is money left over after paying the mortgage balance, property taxes and court fees.
Q: Will I Owe Money After the Foreclosure?
A: In Florida, if the foreclosure sale did not produce enough money to fully pay the final judgment, the lender may sue to get a deficiency judgment.
Q: How much time is given to vacate the property once the foreclosure process is completed?
A: Once the foreclosure is complete the new owner gets immediate possession of the home.
Q: Does a foreclosure or short sale ruin your credit?
A: Yes, a foreclosure and short sale will damage your credit score. According to FICO, if your credit score is 680, a foreclosure can drop your credit score on average by 85 to 105 points. If your credit score is at 780, a foreclosure will drop your score by 140 to 160 points. It usually remains on your FICO report for 7 years.

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