By Linda Reynolds, Broker, Reynolds Realty Gulf Coast (License #BK3021695)
Quick answer: Missing a mortgage payment in Florida is not a foreclosure. It is the start of a clock, and there is still a lot of room on it. The video below walks through what the lender can and cannot do and when the timeline actually starts.
If a payment slipped — or a few did — here is the first thing worth knowing: a missed mortgage payment is not a foreclosure. It is the start of a clock, and there is still a lot of room on it.
I walk through the whole sequence in the video below: what the lender can and cannot do, when the timeline actually starts, and the point where a conversation stops being optional. If you would rather have it in writing, I have also covered what actually happens when you are behind on your mortgage in Florida, and how many months behind you can be before foreclosure starts.
One more thing that comes up constantly, and almost nobody asks out loud: how to tell your spouse you are behind on the mortgage. That conversation is usually harder than the letter.
Talk it through
Call or text 941-737-6562, or email linda@reynoldsrealty.com. No judgment, and no pressure to decide anything today.
No judgment. Just options.
Frequently Asked Questions
Is a missed mortgage payment the same as foreclosure in Florida?
No. A missed mortgage payment is not a foreclosure. It is the start of a clock, and there is still a lot of room on it.
What does the video cover?
It walks through what the lender can and cannot do, when the foreclosure timeline actually starts, and the point where a conversation stops being optional.
How do I talk to Linda about my situation?
Call or text 941-737-6562, or email linda@reynoldsrealty.com. No judgment, and no pressure to decide anything today.
[…] are still open. If you are trying to work out which of those letters actually changes anything, What Happens If You Miss a Mortgage Payment in Florida walks through […]