TAMPA, FLORIDA, USA, November 14, 2023 /EINPresswire.com/ — Tampa Real Estate Investor Warns Homeowners Facing Foreclosure to Beware of These Tactics

Homeowners facing foreclosure should know these red flags when lenders solicit a homeowner who is either in pre-foreclosure or foreclosure, says Sandra Cantu, professional real estate investor and owner of Rescue Realty, Tampa.

Florida’s foreclosure rate ranks 7th in the nation with one of every 2,698 homes, according to Sofi.com.

“The number one tactic is you’re charged a monthly fee by a legal and or consumer firm to delay the foreclosure. Unless a loan modification has been approved by your lender or you are able to repay the back-owed payments, you are delaying the inevitable and causing further damage to your credit report.” Cantu says that by paying a firm a monthly payment to delay the foreclosure, homeowners are paying their own rent without rebuilding their credit worthiness.

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