How to Request an Emergency Extension to Stop Your Foreclosure Sale

Follow these steps to request an emergency extension to stop your foreclosure sale:

1. Go to the Miami-Dade courthouse located at 73 W Flagler St., Miami, Florida 33130. After going in and walking through the security checkpoint, turn left. There you will see a small door where you will need to enter to then request the emergency foreclosure form. You will also want to take a picture of the sample of the form filled out that they have on the wall. This is so you have a reference when filling out the form.
2. Go to the courthouse library located on the third floor and request the emergency motion to stop the foreclosure sale form. Since this form will cost you $2 and they don’t accept debit/credit cards, it’s a good idea to bring with you $10 to $15 in single bills.
3. After filling out the form, go down to the first floor and request two copies to be made when you’re turning it in. They’ll make the copies for you there and seal the documents.
4. Request the date of the motion to be 96 hours after the day you are requesting it and at least 48 hours before the foreclosure sale.
5. Fax, email, or mail the form to the lawyers on your bank’s staff. Do not let that day pass without sending the form to them and receiving the confirmation.
6. Sign in on the bailiff sign-in list the day of the motion. When you go to the motion, get there early and sign in. If you don’t sign in, they will not call your name and you’ll have to reschedule.

Do not let the day pass without notifying your lawyers and receiving confirmation.

If you have any questions about this process or real estate in general, please give me a call or send me an email. I would be happy to help you!

These Credit Mistakes Could Cost You Your Home

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Many times when people are looking for a home, or even after they have made an offer to purchase the home, they are tempted to play with their credit. Do not do this because it can jeopardize the purchase of your home. Here are some common credit mistakes to avoid when waiting to close:

First, it’s important that you do not make inquiries on your credit report. Accept the fact that you’re not an expert. Even a harmless inquiry on your credit can hurt your credit score, cost you points on the interest of the mortgage, and derail your sale.

Next, be sure that you do not establish new credit. Throw all of the credit offers away, even the ones that offer you money back on recent purchases, as these will affect your credit score as well.

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Do not close credit accounts, even if 
they are accounts that you do not 
use or have not been used in a while.

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Do not close credit accounts, even if they are accounts that you do not use or have not been used in a while. Also, do not increase your credit limits, as having a higher limit will not make you look better in the eyes of the bank.

To add to that, make sure that you do not try to buy a car or make any major purchases at the same time you are purchasing a home. In fact, do not buy anything with a credit card or put anything on layaway. Stores with layaway programs will check your credit history, and when that happens, your credit score will be affected. I know you may be desperate to buy that new washer/dryer or new furniture, but know that these purchases can end up costing you your sale.

Please keep all of this in mind so that you do not end up inadvertently putting the purchase of your home in jeopardy. Be patient and you will get through to the end.

If you’re looking for a strong salesman to help negotiate the sale of your home, or a savvy agent to help you navigate this tough Miami market, please give me a call or send me an email. I’d be more than happy to help you.