Frequently Asked Questions

Real Estate Relief specializes in assisting distressed homeowners facing financial challenges by providing ethical and trustworthy solutions to help them save their homes or create the best plan for the future.

We offer a range of services, including mortgage restructuring, foreclosure prevention, loan modification, short sale assistance, probate and estate assistance, cash offers for your home, and expert guidance throughout the real estate relief process.

Our team boasts over 50 years of collective experience in mortgage lending and real estate. We are experts in navigating the complexities of the industry to serve our clients effectively.

We welcome all homeowners facing financial hardship to reach out for a consultation. Our team will assess your unique situation and discuss the available options to determine the best course of action.

Absolutely. Real Estate Relief operates with the utmost integrity and transparency. We are licensed professionals dedicated to helping homeowners find ethical solutions and regain stability.

Our team has extensive experience in foreclosure prevention strategies, such as stopping or delaying foreclosure auctions, as well as loan modifications and short sales, which can help you avoid foreclosure and retain your home.

In addition to our extensive education and experience, our commitment to empathy, ethics, and expertise makes us stand out. We genuinely care about your well-being and work tirelessly to find the best solutions tailored to your needs. Due to the number of fraudulent companies out there trying to take advantage of distressed homeowners, we offer a free review of any offers you receive from other companies, to help determine their legitimacy.

No, your initial consultation with Real Estate Relief is completely free. It's an opportunity for us to understand your situation and discuss how we can assist you.

A foreclosure is a legal process in which a lender attempts to recover the balance of a loan from a borrower who has stopped making payments by forcing the sale of the asset used as collateral for the loan.

The foreclosure process typically involves several stages, starting with missed payments, followed by a notice of default, a foreclosure auction, and finally, the lender taking possession of the property.

The duration of a foreclosure process can vary depending on various factors, but it generally ranges from a few months to over a year, with some cases extending even longer.

Some options to stop a foreclosure include loan modification, forbearance, short sale, cash sale, refinancing, paying the judgment amount and reinstating the loan, deed in lieu of foreclosure, filing for bankruptcy, and seeking assistance from foreclosure attorneys to determine if the foreclosure was filed in error or against the law.

A mortgage loan modification is a change made to the original terms of a mortgage agreement by the lender. It may involve lowering the interest rate, extending the loan term, or reducing the principal balance to make the monthly payments more affordable for the borrower.

When your home is sold at a foreclosure auction in Florida, it means that the lender has repossessed the property due to non-payment of the mortgage. The proceeds from the auction are used to pay off the outstanding debt, and any remaining funds may be returned to the homeowner through surplus fund recovery. However, the homeowner will lose ownership of the property and will be evicted.

Once your home has been sold at a foreclosure auction, you may face eviction from the property. The new owner, often the lender or a third party, gains ownership, and you may need to vacate the premises. It's crucial to understand your rights and obligations post-foreclosure auction to ensure a smooth transition.

Obtaining a mortgage modification involves contacting your lender and submitting a request for a modification. You may need to provide financial documents, such as income statements and expenses, to support your request. The lender will review your application and determine if you qualify for a modification based on your financial situation. It's essential to communicate effectively with your lender throughout the process.

A short sale in real estate is when a homeowner sells their property for less than the amount owed on the mortgage. This option is often pursued to avoid foreclosure and minimize the impact on the homeowner's credit score. A short sale must be approved by the lender prior to listing the home for sale. Due to the extensive process, it is best to request a short sale from the lender as soon as possible to avoid the home being sold at auction.

Surplus recovery is the process of reclaiming excess funds that are left over after a property foreclosure sale. These funds belong to the former property owner and are typically the result of the sale price exceeding the amount owed on the mortgage.

To avoid scammers during the foreclosure process, it's essential to work with reputable professionals such as real estate agents, attorneys, or foreclosure specialists. Be cautious of unsolicited offers, requests for upfront fees, and high-pressure tactics. Research companies and individuals thoroughly, verify credentials, and seek recommendations from trusted sources. We will be happy to do a free review of any forms, contracts, or offers other companies have asked you to sign to help you determine their legitimacy.

Yes, we prioritize your privacy and adhere to strict confidentiality standards. Your personal and financial information is treated with the utmost discretion.

Feel free to reach out to our team through the contact information provided on our website. We are here to address any additional inquiries you may have and guide you through the process.