Foreclosure rescue plans have become more and more necessary in our crumbling housing market and you need to be knowledgeable about how to get one yourself. Saving your home and your mortgage will give your family stability and protect your investments in the long term. Protecting yourself is paramount in this situation and you should get some important information before you enter into any agreements.
Florida has become the first state to issue legislation that requires certain information to be on a contract that changes the ownership of a home. By requiring this information to be documented the state has given the consumer some rights to stop the process. The following is information from this legislation that gives the consumer the power in the process of a foreclosure rescue plan.
“…The agreement must contain the entire understanding of the parties and must include: d. The total consideration to be paid by the equity purchaser in connection with or incident to the acquisition of the property by the equity purchaser. e. The terms of payment or other consideration, including, but not limited to, any services that the equity purchaser represents will be performed for the homeowner before or after the sale. f. The date and time when possession of the property is to be transferred to the equity purchaser…”
Don’t waste any more time worrying about how to pay your mortgage, contact us today by phone at 813-612-5697 or 877-246-4486 or by email at Sales@TSherwoodLaw.com.
