Do you have a Miami FL house or business that’s in foreclosure right now? Many people going through the FL foreclosure process want to get out from under that burdensome house and wonder if they can sell the house in foreclosure. Marlon Bellmas your foreclosure real estate agent near me in Miami has the answers. The short answer: yes. The long answer: it’s a little more complicated, but usually you can sell your property prior to going the full length of the foreclosure. Generally, when stuck in this pickle its better to be proactive the sooner you start, the better. Luckily our team has experience in the foreclosure process so we can make this as smooth as possible.
Understanding the Foreclosure Process
Facing foreclosure can be overwhelming, but understanding the steps involved can help you make informed decisions. Here’s a simplified breakdown of the mortgage foreclosure process in South Florida.
Filing of a Civil Action Complaint: The foreclosure process begins when the lender files a complaint with the court against the homeowner.
Recording of a Lis Pendens: A Lis Pendens is filed in public records, notifying others that the property is subject to legal action.
Issuance of a Summons:The homeowner will receive a summons and has 20 days to respond to the complaint. Failure to respond could result in a default judgment.
Understanding these steps is important, as acting quickly can provide more options to resolve the situation. Stress is not the feeling of not doing something you are supposed to be doing. Whether it’s negotiating with the bank, selling the property, or exploring other alternatives, I’m here to guide you through every stage of this process.
Can I Sell My House in Foreclosure in Miami? – How it works
There are a lot of folks in Miami who have faced foreclosure in the past few years. Since the changes in the economy, a lot of banks have been shifting the way that they deal with foreclosures. Spiking interest rates and being real careful about who they give loans too.
Remember, the bank that carries your mortgage doesn’t want to see your home abandoned or auctioned. The bank stands to make the most amount of money by helping you to avoid foreclosure by selling your property. However, dealing with banks during any part of the mortgage foreclosure process can be a huge pain. Over many years of working with banks to help stop the foreclosure process, we’ve learned a few tricks that will help you.
Your Right to Reclaim Your Property (Defendant’s Right of Redemption)
In Florida, homeowners have a powerful legal option called the Defendant’s Right of Redemption, as outlined in Florida Statute 45.0315. This right allows you to reclaim your foreclosed property by paying the full amount due, including interest, fees, and costs, before or even after the foreclosure auction takes place.
Here’s how it works:
Certificate of Sale: Once a foreclosure auction is complete, the court issues a Certificate of Sale to the highest bidder. However, you can still exercise your right to redemption up until the time the Certificate of Title is issued.
Final Judgment: The Final Judgment outlines the total amount owed. By paying this amount in full, you can stop the foreclosure process and retain ownership of your foreclosed property.
Exercising your right of redemption can be a complicated process, but I’m here to help.
Working With Banks – What Foreclosure Specialist Recommend During The Foreclosure Process
- Always over-communicate with the bank (but don’t be annoying). Call with updates and show them what you’re doing to get your property sold.
- Don’t miss deadlines. If anything will be late, call with advance notice.
- Remember that bankers are people too. Don’t be overly dramatic, but explaining your situation and demonstrating your willingness to fix the problems to make it right goes a long way.
- Start keeping careful records of every conversation you have with the bank. Nothing counts unless it is in writing. Make sure to keep track of each person you speak with, what they said, and any promises made.
- Explore all your options, including short sale, loan modifications, free consultations with foreclosure lawyers, and bankruptcy lawyers. Depending on the details of your personal situation, you may be able to dramatically slow down the mortgage foreclosure process with enough effort. Each bank has its own policies to help borrowers avoid foreclosure.
- Don’t wait. Unfortunately, time is not on your side. The further behind you become on payments, the fewer options are available to you.
If you’re looking to sell your Miami house in foreclosure fast, call us now.
We specialize in helping homeowners in situations including foreclosure around Miami and the whole state of FL get out of difficult situations and avoid foreclosure. In certain circumstances, we can negotiate directly with the bank to reduce the amount you owe and (sometimes) even help you walk away from your property with cash.
If you need to sell a property near Miami, we can help you.
We sell properties like yours and help homeowners who need to sell fast.
Yes! Selling your house can be this easy.
Real Estate Agents Who Specialize In Foreclosures
When facing foreclosure, having a knowledgeable and experienced foreclosure ally can make all the difference. As an experienced real estate agent specializing in distressed properties, I, Marlon Bellmas, am here to provide homeowners with the expertise and support they need to navigate these challenging times.
Why Work With Me.. Marlon Bellmas?
I bring a deep understanding of Florida’s foreclosure laws, ensuring that every step of the process is handled legally and efficiently. Whether you’re looking to sell your property for top dollar on the market or prefer to explore off-market buyers for a more discreet solution, I tailor my strategies to fit your unique needs.
My proven experience includes working with tenants, negotiating with buyers and lenders, while ensuring compliance with foreclosure regulations—all with the focus on achieving the best financial outcome for you.
My proven expertise goes beyond traditional real estate services. I specialize in:
Navigating Florida’s Foreclosure Proceedings: Leveraging my knowledge of legal procedures to protect your rights and achieve the best financial outcome for you.
Selling a rental home with tenants: With my skill in handling tenant interactions and facilitating foreclosure property sales, I deliver a seamless and hassle-free experience for both property owners and tenants (even if the might not be paying).
Negotiating with Banks: Successfully working with lenders to reduce owed amounts, create favorable resolutions, and help you avoid foreclosure when possible.
Assisting with Surplus Claims and Redemption: Guiding homeowners through the process of reclaiming funds or redeeming their property, ensuring no opportunities are missed.
The Miami market requires precision and insight, and I offer comprehensive market analyses to guide you in making informed decisions. From creating customized plans to negotiating on your behalf, my goal is to relieve your stress and secure the most favorable results for you. With a track record of success and a commitment to serving the community, I’m the trusted partner you need to protect your investment and move forward with confidence.
Contact me today at (786) 741-7866 to discuss your options and create a plan that works for you. Together, we can turn a challenging situation into an opportunity for a fresh start.