Tampa Bay Area Home Owners – Real
Estate Short Sale Tip #1
If your falling behind because of a recent adjustment in you interest rate call your mortgage company and find out if they are willing to help you.
If you know an interest rate increase is coming up that will are going to have trouble paying, call ahead of the adjustment. Some lenders have set up a process to head off this problem and will work with a mortgagor prior to a major problem. Please, keep in mind, many mortgagees have not put such procedures for relief in place.
What ever you do… DON’T borrow high interest or credit card money to pay your monthly mortgage payment unless you know your problem is VERY short term.
Please Contact John Montesano for information on Pre foreclosure and short sales in the Tampa Bay area.