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What is a
                     Foreclosure?
                     By South Florida Investment
                     Properties




Buy Homes for Cash
Foreclosure Defined
  A  foreclosure is the procedure involving
    the collection of a mortgaged property
    due to failure to make mortgage
    payments.




Buy Homes for Cash
The Process
    Thislegal process consists of an attempt of
     the lender to recover the
     remaining amount of a borrowed loan in
     which the borrower has ceased to make
     payments to the lender.




Buy Homes for Cash
Residential Mortgage Loan
    In a foreclosure involving a residential
      mortgage loan, the lender is typically a
      bank or other financial institution.




Buy Homes for Cash
Those at Risk for Foreclosure
     Who  is at risk for foreclosure? Essentially
      everyone could fall into risk of a foreclosure.

     Financialsituations can change quickly and
      without notice. Those who haven't missed
      payments could easily become those at risk.




Buy Homes for Cash
How to Avoid Foreclosure
    There are many ways to avoid risk of
     foreclosure.

    One   of the easiest ways to prevent
     foreclosure is to keep track of your
     mortgage payments and do not ignore
     letters of warning from your lender.




Buy Homes for Cash
Do Not Be Afraid
  Do not be afraid to work with your lender and
   ask about the options available to help you pay
   your mortgage payments.

  You may choose to hire a professional to help
   you with your financial and legal needs. Various
   government programs have also been created
   to help those at risk of foreclosure.




Buy Homes for Cash
What to do When Faced with
  Foreclosure
    An  attorney with experience and
     knowledge of foreclosures can help
     ensure the foreclosure process will be less
     foreboding than it has to be.

    Makenecessary preparations and
     communicate honestly with your creditor.



Buy Homes for Cash
The End
   A  foreclosure does not have to be the end of
     your financial well-being; a professional can help
     you decide what foreclosure options are best for
     you.




Buy Homes for Cash

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What is a foreclosure

  • 1. What is a Foreclosure? By South Florida Investment Properties Buy Homes for Cash
  • 2. Foreclosure Defined A foreclosure is the procedure involving the collection of a mortgaged property due to failure to make mortgage payments. Buy Homes for Cash
  • 3. The Process  Thislegal process consists of an attempt of the lender to recover the remaining amount of a borrowed loan in which the borrower has ceased to make payments to the lender. Buy Homes for Cash
  • 4. Residential Mortgage Loan  In a foreclosure involving a residential mortgage loan, the lender is typically a bank or other financial institution. Buy Homes for Cash
  • 5. Those at Risk for Foreclosure  Who is at risk for foreclosure? Essentially everyone could fall into risk of a foreclosure.  Financialsituations can change quickly and without notice. Those who haven't missed payments could easily become those at risk. Buy Homes for Cash
  • 6. How to Avoid Foreclosure  There are many ways to avoid risk of foreclosure.  One of the easiest ways to prevent foreclosure is to keep track of your mortgage payments and do not ignore letters of warning from your lender. Buy Homes for Cash
  • 7. Do Not Be Afraid  Do not be afraid to work with your lender and ask about the options available to help you pay your mortgage payments.  You may choose to hire a professional to help you with your financial and legal needs. Various government programs have also been created to help those at risk of foreclosure. Buy Homes for Cash
  • 8. What to do When Faced with Foreclosure  An attorney with experience and knowledge of foreclosures can help ensure the foreclosure process will be less foreboding than it has to be.  Makenecessary preparations and communicate honestly with your creditor. Buy Homes for Cash
  • 9. The End A foreclosure does not have to be the end of your financial well-being; a professional can help you decide what foreclosure options are best for you. Buy Homes for Cash