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iulloa · 06-25-2009, 11:42 AM

I am very impressed by this thread and found it very very informative. I do have a question though...Does this apply to Florida Foreclosures?
I am in Florida, I am 60 days late on my property. Thinking of going through NACA but also prepared to walk away if I can't bring down my payment to something I can afford. We have a 210k loan with the horrid CW/BofA an 7.75% interest and a $1900 payment. Our home is not worth about 130k. We have 3 kids and 70% of our income goes strictly to the mortgage. We are drowning and while we are ready to let go, we would like to try and save our home. While foreclosure is not what we want, we are also fully aware and accepting that this can happen. We are saving every penny we can in the meantime.
Our biggest concern is how long before we are told we have to move and how long will we have to move. We don't want our children noticing a single thing and therefore want to plan it as strategically as possible without moving out too soon.
Any advise would be great!

06-25-2009, 11:42 AM	#4 (permalink)
iulloa Senior Member Join Date: Jun 2009 Posts: 59 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Re: how long i have on me to move I am very impressed by this thread and found it very very informative. I do have a question though...Does this apply to Florida Foreclosures? I am in Florida, I am 60 days late on my property. Thinking of going through NACA but also prepared to walk away if I can't bring down my payment to something I can afford. We have a 210k loan with the horrid CW/BofA an 7.75% interest and a $1900 payment. Our home is not worth about 130k. We have 3 kids and 70% of our income goes strictly to the mortgage. We are drowning and while we are ready to let go, we would like to try and save our home. While foreclosure is not what we want, we are also fully aware and accepting that this can happen. We are saving every penny we can in the meantime. Our biggest concern is how long before we are told we have to move and how long will we have to move. We don't want our children noticing a single thing and therefore want to plan it as strategically as possible without moving out too soon. Any advise would be great!