Florida Foreclosures: What Homeowners Need To Know When It Comes To Mortgage Collectors
While it is true that the availability of foreclosure properties within Florida provides people with the opportunity to purchase real estate within the state at affordable rates, the fact that today’s inventory for Florida foreclosures is overflowing means that the property market needs to maintain a balance when it comes to these types of real estate properties.
Of course, there are certain things that people need to know in order to protect their homes in the event that they are faced with mortgage issues which usually force the majority of homeowners to proceed with a short sale, opt to default, or even consider a loan modification.
Nevertheless, homeowners tend to encounter people who make an attempt at loan collections even after foreclosure sales have been completed and there are certain laws within Florida which exist in order to protect homeowners against abusive people who will take advantage of the situation.
First of all, it is important to understand that mortgage collectors are not allowed to contact you out of the blue and the law most certainly prohibits calls from mortgage collectors to be made outside of the hours of 8:00 in the morning until 9:00 in the evening.
Every once in a while, homeowners might receive threats from so-called mortgage collectors. Such actions are not allowed by the law and homeowners are given the option of taking action against such acts, especially when harm is being suggested. Furthermore, mortgage collectors are not allowed to use profanity during dialogue.
People that are at a risk of losing their homes due to the foreclosure process will be dealing with a lot of paperwork and so-called mortgage collectors will often imply that certain documents are going to be sent your way without the actual intention of doing so which is why homeowners need to be careful when it comes to believing such claims.
One of the biggest fears that people face when it comes to the subject of foreclosure is being forced out of their home once the property has been seized and considered to be one of the many Florida foreclosures on the property market. However, mortgage collectors that make such claims are not to be taken seriously unless the lenders have actually been able to obtain the legal right to do so and have shown the willingness to exercise their rights over the property.
There are a lot of things that people need to know about when it comes to the situation on Florida foreclosures and that is why it is important for homeowners, especially within the state of Florida, to learn more about the process so that they will know what to do whenever so-called mortgage collectors try to take advantage of the situation.
Yaz Morgan
Florida Foreclosures
