The Only 5 Things You Can Do to Deal with Foreclosure! Number 5 is the Best Option
What to Do After Receiving a Notice of Default in Orlando, Florida
If you’ve recently received a Notice of Default from your mortgage lender, you’re likely feeling overwhelmed and unsure what comes next. The good news? You’re not out of options yet.
This early stage—called pre-foreclosure—can still give you a path to avoid foreclosure, protect your credit, and walk away with dignity. In this article, I’ll walk you through your best options in Florida, especially the short sale process, which many homeowners don’t even realize is available to them.
Watch the Short video above where I break down the only 5 things you can do when you’re facing foreclosure:
What Is Pre-Foreclosure in Florida?
Pre-foreclosure begins after you’ve missed several mortgage payments—typically 90 days. Your lender then files a Notice of Default (NOD), which officially starts the foreclosure timeline.
In Florida, the foreclosure process is judicial, meaning it goes through the courts. This gives you time to act, negotiate, or sell before losing your home.
Most Common Questions From Homeowners in Pre-Foreclosure
1. How long after a Notice of Default before foreclosure starts in Florida?
Typically, lenders give you 30 days to resolve the issue before they move forward with legal action. That’s your window to act.
2. Can I sell my house in pre-foreclosure?
Yes. In fact, a short sale is often the best way to avoid foreclosure, especially if your home is worth less than what you owe.
3. Will I owe money after a short sale?
That depends on your lender, but many will waive the deficiency—meaning you won’t owe the difference between the sale price and your mortgage balance.
4. Will a short sale hurt my credit score?
Yes, but far less than a foreclosure. Most homeowners recover faster and can buy again in as little as 2 years after a short sale.
Your Options After Receiving a Notice of Default in Florida:
When you’re facing foreclosure in Orlando, here are your options:
- Do Nothing: and lose your home
- Loan Modifications: Not always possible
- Filing for Bankruptcy: Stops foreclosure temporarily, but may damage credit long-term.
- Hire a foreclosure attorney: to delay the process (but this could only be temporary).
- Short Sale: Sell your home for less than you owe with lender approval—often the best option to avoid foreclosure with less damage to your credit.
Why Choose a Short Sale?
A short sale in Orlando is often the smartest route when:
- You owe more than your home is worth
- You’re unable to catch up on mortgage payments
- You want to avoid foreclosure on your record
- You want to minimize the damage to your credit score
- You want to potentially qualify for relocation assistance
With the right real estate professional guiding the process, many homeowners close successfully and avoid the stress and stigma of foreclosure.
Why Work With Me?
I specialize in helping homeowners in pre-foreclosure in Orlando navigate the short sale process from start to finish. As both a licensed Realtor® and mortgage loan advisor, I understand the financial and legal complexities involved—and I know how to negotiate with lenders on your behalf.
Act Now—Time Is Not On Your Side
The moment you receive a Notice of Default, the clock starts ticking. You still have legal rights and valuable options, but waiting too long can eliminate those choices.
📞 Call or message me today for a free, private consultation—no pressure, no obligation.
Need Help To STOP Foreclosure?
If you think you will be unable to make your mortgage payment or already stopped payments and don’t want to lose your house to the bank! Reach Out to me, I CAN HELP!