Cape Coral Florida's Real Estate Guide

Like the family in the video above, many homeowners in Lee County are struggling to make their monthly mortgage payments, also making them the target of various loan modification scams. Don't let this be you! There are a variety of options available to you that can help relieve the financial pressure and even allow you to keep your home. The first and most important step you can make is to decide to face the issue head-on and find out what will work best for your situation.

To get started, contact your mortgage lender. Many lending institutions are offering to assist homeowners with loan modifications to make their monthly payments more affordable and allow them to keep their homes. Even if they can't immediately help you with a modification, it is worth a call to open up the lines of communication with your lender. Knowing where you stand is a highly valuable piece of information, even if its not exactly what you want to hear.

Beware of foreclosure rescue scams! You can get help free of charge. Take a moment and check out makinghomeaffordable.gov. This site is the home for all of the information relating to President Obama's HOPE for Homeowners program. You can find out immediately if you qualify for the program, get access to counseling from a HUD-approved housing counselor, and more, all at no cost to you. Never pay any company up front for assistance with your home loan or make payments to anyone other than your mortgage company without their approval. This can lead to disasterous results as you've seen in the above video.

It may turn out that the best solution for you is to sell your home to avoid foreclosure. This is not necessarily the end of the world as you may be able to sell your home to an investor who would be willing to rent it back to you. These types of deals benefit both the seller and the buyer in more ways than one. For more information on selling your home, feel free to contact me to discuss this option further.

Whatever you do, don't wait to seek assistance with your mortgage. Knowledge and communication equal power!