Resources for Avoiding Miami Home Foreclosure

• 8 February, 2012
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Home ownership can be a heavy responsibility at times… especially when times are tough.  It can be challenging to find help when times are difficult due to a  decrease or loss of income, illness, unexpected disaster or home repairs, or personal crisis such as separation or divorce. Add to that a reduction in home values, and the problem can seem insurmountable. While savings can help to alleviate some of the impact of these life events, it is still helpful to be aware of  potential programs and alternatives offered to distressed homeowners, too.  In fact in last month’s State of the Union address, President Obama made reference to this struggle in home ownership, saying, “And while Government can’t fix the problem on its own, responsible homeowners shouldn’t have to sit and wait for the housing market to hit bottom to get some relief.”

Miami Foreclosure

If you find yourself in a no-win situation regarding your mortgage, it can be helpful to speak with your lender and ask about modifications that can be made in the short term.  You can ask about the short sale process,  too, and see if that may be a viable option for you.  A short sale is when your lender agrees to accept a lower price than is owed on your property as payment in full.  There is a lot of paperwork that accompanies this type of sale and it is helpful to use a real estate agent that has short sale experience with this type of transaction.  In fact, some real estate agents and home buyers specialize in just this type of sale and can be a great help to you!

If you want to stay in your home, rather than sell, programs such as the Home Affordable Refinance Program (HARP), Home Affordable Modification Program (HAMP) , or the Home Affordable Foreclosure Alternative (HAFA)  offered by Freddie Mac may all be options.  Fannie Mae and your individual lender may have other programs that can assist you as well.  Please click here to view a variety of tools on how to avoid foreclosure.  Remember that you have options, if you are willing, able, and have the time necessary to explore them.  Don’t give up!

 You are not alone!

Showing properties 1 - 10 of 50. See more Real estate in the city of Miami Beach.
(all data current as of 5/22/2013)

1. $975,000 : MLS # A1788982 in Miami Beach
   
   3 beds, 2 full, 1 part baths

   Home size: 2,244 sq ft

   Lot size: 7,436 sqft

   Year built: 1927

   Days on market: 5
2. $799,000 : 7220 RUE NOTRE DAME, Miami Beach
   
   3 beds, 2 full baths

   Home size: 2,221 sq ft

   Lot size: 7,647 sqft

   Year built: 1946

   Parking spots: 2

   Days on market: 7
3. $388,000 : 894 80 ST, Miami Beach
   
   4 beds, 3 full baths

   Home size: 1,569 sq ft

   Lot size: 1,569 sqft

   Year built: 1951

   Parking spots: 1

   Days on market: 7
4. $980,000 : 1445 MARSEILLE DR, Miami Beach
   
   3 beds, 3 full baths

   Home size: 2,960 sq ft

   Lot size: 9,813 sqft

   Year built: 1957

   Days on market: 8
5. $358,000 : 1740 71 ST, Miami Beach
   
   2 beds, 2 full baths

   Home size: 1,411 sq ft

   Lot size: 6,500 sqft

   Year built: 1939

   Parking spots: 1

   Days on market: 9
6. $575,000 : MLS # A1785433 in Miami Beach
   
   3 beds, 2 full, 1 part baths

   Home size: 1,511 sq ft

   Lot size: 3,486 sqft

   Year built: 1950

   Days on market: 12
7. $270,000 : 1568 NORMANDY DR, Miami Beach
   
   2 beds, 1 full bath

   Home size: 1,574 sq ft

   Lot size: 6,480 sqft

   Year built: 1947

   Parking spots: 1

   Days on market: 12
8. $950,000 : 4180 ALTON RD, Miami Beach
   
   3 beds, 4 full baths

   Home size: 2,488 sq ft

   Lot size: 6,000 sqft

   Year built: 1925

   Parking spots: 2

   Days on market: 13
9. $419,000 : 1760 BIARRITZ DR, Miami Beach
   
   2 beds, 1 full bath

   Home size: 1,434 sq ft

   Lot size: 6,375 sqft

   Year built: 1939

   Parking spots: 1

   Days on market: 15
10. $615,000 : 4401 COLLINS AV 3302, Miami Beach
    
    1 bed, 1 full bath

    Home size: 516 sq ft

    Year built: 2005

    Days on market: 16

Listing information deemed reliable but not guaranteed. Read full disclaimer.