While the looming pandemic lingers, we at MoveFlorida Real Estate understand the pressure families will begin to feel. Not being able to make the mortgage payments while unemployed or underemployed (hours cut) keeps a lot of us up at night.
Forbearance and What It Means
The government has stepped in and offered a “forbearance” on mortgages to those who qualify, which basically means that if approved, a homeowner doesn’t have to make their payment on their mortgage for up to 90 days. HOWEVER…. if one chooses to take advantage of the temporary relief, any monies not paid during that time will become immediately due at the end of the relief period.
For example, if your mortgage payment is $1,000 per month. For a period of 3 months, you will not have to pay. At the end of the relief period, you will owe your mortgage company a total of $4,000 (the previous 3 months, plus the upcoming payment). If people are not wise, mortgage defaults WILL begin to rise. So what do we do…???
We’re Here to Help (From a Distance)
MoveFlorida Real Estate will offer clients looking to sell an option to list in the MLS (Multiple Listing Service) for a flat fee through June 30, 2020.
Send us your pictures, walk-through video tours and home information and we’ll place your listing into the MLS, for a period of 6 months, for full exposure to buyers. If you’re not happy with the way things are going, ask us to step in at any time and we’ll be happy to.
We see a very stressful environment coming in the next 6 months and want to help those in need.
Contact Us For More Information
Our agents will be standing by, ready to assist and answer any of your questions. Just fill out the brief form below and we’ll get back in touch with you within a day after receiving your request.