Facing Foreclosure?
You Have Options.
We Help South Florida Homeowners Stop Foreclosure, Protect Their Future, and Move Forward.
Helping Homeowners Find Solutions
If you’re behind on mortgage payments or facing foreclosure, you don’t have to go through this alone. We provide expert foreclosure assistance, loan modification guidance, short sale solutions, and fast cash offers to help you regain control of your financial future. Get the support you need—before it’s too late
As a Certified Distressed Property Expert (CDPE) and Licensed Realtor, Durid Sukar is dedicated to helping Florida homeowners avoid foreclosure, sell their homes efficiently, and regain financial stability. With years of experience the industry and distressed property transactions, Durid, specialize in finding personalized solutions for those facing financial hardship.
💡 Whether you’re behind on mortgage payments, dealing with a short sale, or simply seeking options, Durid is here to provide expert guidance and support.
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"Listen,
I understand that facing foreclosure or financial difficulties can be overwhelming. My mission is to educate, empower, and guide you through this process with compassion and expertise.
You don’t have to go through this alone – let’s work together to find the best solution for your situation."
Durid Sukar
Foreclosure Is NOT The Only Option!
WHAT ARE YOUR RIGHTS WHEN FACING FORECLOSURE?
You’ve been unable to make your mortgage payments and you've just received a foreclosure notice. What are your options? Do you have any rights as ahomeowner?
If that is you, I'm so sorry to hear of your financial challenge and that your lender might be giving you grief.
There is no simple answer to your question, as the laws vary dramatically from state to state.
However, you most likely have some options available to you.
Forbearance or Repayment Plan. With this option, you agree to pay your past-due payments over time. Usually, you must make these payments in addition to your regular mortgage payments and pay them on time every month for the duration of the agreement.
Loan Modification
A loan modification allows you to renegotiate your mortgage terms with your lender, potentially lowering your monthly payments, interest rate, or extending the loan term. This can be a viable option to help you stay in your home and avoid foreclosure.
Traditional sale: If you have equity in your home and can sell it quickly, you may be able to buy some time to sell it so you can recoup your equity.
Short Sale: Your lender might agree to a short sale of your home, where you sell it for less than the balance of your mortgage. Contact a local real estate professional experienced in short sales to help explain and guide you through this process.
Deed in lieu of foreclosure. This is where you voluntarily give up your home to the lender. With this option, you may be able to rent back the property from the lender. It will negatively impact your credit.
Bankruptcy
As a last resort, filing for bankruptcy may temporarily halt foreclosure proceedings and give you time to restructure your debts. Depending on the type of bankruptcy you file, you may be able to create a repayment plan or discharge certain debts. It’s essential to consult with a bankruptcy attorney to understand the long-term implications.
By finding the answers to the following questions, you’ll likely find the solution that best fits your situation:
Will your lender consider alternatives?
Call your lender. You might be able to work out a more favorable alternative than foreclosure. Be sure to get any agreements in writing.Can you refinance?
In some situations, you might even be able to start fresh by refinancing your home, especially if you have substantial equity and sufficient income to repay the new loan.
Missed mortgage payments may disqualify you from this option.Does your state have a redemption period? If it does, how long is it
Some states allow you to repurchase the home from whoever purchased the home at the sale. This period of time can be anything from a few days to as long as a year.When do you have to move after the sale?
You might have a few days to leave. You might have 30 days. Some states require that the new owner provide notice before the clock starts ticking.What are the eviction laws in your area?
If you’re not out of the house in time, the owner will likely be required to file an eviction notice. This will typically give you an additional month, depending on the state.What are your options for bringing the mortgage current before the sale?
Most states have a deadline for bringing the mortgage current.If the home is damaged or destroyed during the redemption period, who receives the insurance money?
It will either go to you, the bank, or the new owner.If you are a renter in the property in question, you likely have additional rights regarding the amount of time you have to move after the sale.
These questions are merely a starting point. This information is for educational purposes only. Be sure to contact an attorney to find the most accurate answers for your situation.
If you or someone you know is encountering challenges in meeting their mortgage obligations or confronting the prospect of foreclosure, I invite you to reach out to me.
As a Certified Distressed Property Expert® (CDPE®), I possess specialized training tailored to support individuals navigating through distressed property situations.
Foreclosure Is NOT The Only Option!
Foreclosure Prevention Solutions
Expert guidance for homeowners facing foreclosure, offering tailored solutions and support for financial stability.
Forbearance & Repayment Plans
If you’ve fallen behind on payments due to hardship, we can help you arrange a temporary pause on payments or a structured plan to catch up.
Foreclosure Sale Date Push-back Strategies
Through legal resources and negotiations, we may be able to delay your foreclosure sale, giving you more time to find a solution.
As a last resort, we can connect you with legal professionals to explore bankruptcy options that may help you keep your home or delay foreclosure.
Bankruptcy Consultation
Services & Programs
Selling Your Property Before Foreclosure
Traditional Sale
If your home is worth more than what you owe, we can list it and attract competitive buyers to maximize your profit before foreclosure.
Sell & Leaseback
We help homeowners sell their home but negotiate a rental agreement so they can stay in the property while transitioning to a new living arrangement.
If your home is worth more than what you owe, we can list it and attract competitive buyers to maximize your profit before foreclosure.
Short Sale
(In case of no equity)
(must have equity)
(must have equity)
Cash-On-Demand
Need to sell quickly? We can get you a fair market value cash offer within 24 hours and close in as little as 7 days.
Buy Before You Sell
For homeowners with high equity, we provide solutions to help you buy your next home before selling your current one, ensuring a smooth transition without the stress of temporary housing.
A Fix and List offer allows you to sell your home to a cash buyer without leaving too much money on the table. With the structured Fix and List, you only pay a convenience fee. If the home resells for more on the open market, you get the difference!!
Fix & List
(must have equity)
(must have equity)
(must have equity)
Legal & Financial Advisory
Deficiency Judgment Protection
If you sell for less than what’s owed, we work with lenders to waive the remaining balance, preventing future financial burdens.
Tax Implications & Forgiven Debt
Short sales and mortgage forgiveness can have tax consequences. We provide guidance on potential tax liabilities and IRS exemptions.
Foreclosure Process Guidance
We work with your lender to renegotiate your mortgage terms, potentially reducing your interest rate, extending the loan term, or lowering monthly payments.
Distressed Homeowner Support
Provide a general summary of the services you provide, highlighting key features and benefits for potential clients.
Relocation Assistance
If you need to move, we connect you with resources and programs to make the transition easier.
Credit Impact Consultation
We explain how foreclosure, short sales, and other solutions affect your credit and help you plan for rebuilding your financial future.
Frequently asked questions
What is foreclosure, and how does it work in Florida?
Foreclosure is the legal process where a lender reclaims a property due to missed mortgage payments. In Florida, foreclosure is judicial, meaning the lender must file a lawsuit. Homeowners receive a Lis Pendens (notice of foreclosure) and have a set period to respond before the home is auctioned or repossessed.
Can I stop foreclosure once the process has started?
Yes! Options include loan modification, refinancing, short sales, forbearance, bankruptcy, or negotiating repayment plans with your lender.
How long does the foreclosure process take in Florida?
The foreclosure process can take 6 months to 2 years, depending on legal actions, court schedules, and whether the homeowner contests the foreclosure.
What are the warning signs of foreclosure?
Missing mortgage payments
Receiving a Notice of Default (NOD)
Rising property tax or HOA liens
Your lender attempting to contact you regarding missed payments
What happens if my home goes into foreclosure?
You can reach us by [phone number/email address/contact form link]. We are always happy to answer your questions.
General Foreclosure Questions
What are my options if I’m behind on mortgage payments?
Loan modification (renegotiating terms with your lender)
Refinancing (if you qualify)
Short sale (selling your home for less than you owe)
Forbearance (temporary payment pause)
Deed in lieu of foreclosure (handing the home back to the lender to avoid foreclosure)
Selling fast for cash (closing within days to settle the mortgage)
How do loan modifications work?
A loan modification restructures your mortgage by lowering interest rates, extending loan terms, or adjusting payments to make them more affordable.
Can I negotiate with my lender to stop foreclosure?
Yes! Lenders prefer alternatives over foreclosure and may agree to loan modifications, repayment plans, or short sales.
What is a deed in lieu of foreclosure?
This is when you voluntarily transfer your property back to the lender instead of going through foreclosure. Some lenders may forgive the remaining debt in exchange.
What is a short sale, and how does it work?
A short sale lets you sell your home for less than what is owed on the mortgage with lender approval. It prevents foreclosure and minimizes credit damage.
Preventing Foreclosure
How does forbearance work?
A forbearance plan allows you to temporarily pause or reduce your mortgage payments while you recover financially. Once the forbearance ends, you must resume payments or enter a repayment plan.
What happens if I ignore the foreclosure process?
Ignoring the process can lead to eviction, a major credit score drop, legal judgments, and deficiency balances owed to your lender.
Will a foreclosure ruin my credit?
Foreclosure significantly lowers your credit score by 100-160 points and stays on your credit report for 7 years.
Can I avoid foreclosure if I declare bankruptcy?
Filing for Chapter 13 bankruptcy may temporarily halt foreclosure and allow you to restructure debts, but it’s a serious financial decision.
Can I buy another home after foreclosure?
Yes, but most lenders require a waiting period of 5-7 years after foreclosure before you qualify for a mortgage again.
What are the tax consequences of foreclosure or a short sale?
Forgiven mortgage debt may be considered taxable income unless you qualify for exemptions under programs like the Mortgage Forgiveness Debt Relief Act (if extended by Congress).
What is a deficiency judgment?
If your home sells for less than what you owe, your lender can sue you for the remaining balance. Some states, including Florida, allow lenders to seek deficiency judgments unless waived.
Legal & Financial Considerations
What happens to my second mortgage in foreclosure?
A second mortgage holder can also pursue foreclosure, or the debt may still be owed after the primary mortgage foreclosure.
Can I sell my home even if I am in foreclosure?
Yes, as long as the foreclosure auction has not occurred, you can sell your home traditionally or through a short sale.
Should I work with a Certified Distressed Property Expert (CDPE)?
Yes! A CDPE-certified agent specializes in foreclosure avoidance and can negotiate with lenders on your behalf.
How quickly can I sell my home to avoid foreclosure?
With a cash offer, you can sell in as little as 7 days. A traditional listing may take longer but can still prevent foreclosure if managed properly.
Will I make money if I sell before foreclosure?
If your home has equity (worth more than what you owe), you can sell and profit. If not, a short sale is a better option.
Selling Your Home to Avoid Foreclosure
What are the benefits of selling before foreclosure?
Avoids legal consequences
Reduces credit damage
Gives you control over the sale
Can help you transition smoothly to new housing
Disclaimer
The information provided on this page is for educational and informational purposes only. While I am a licensed real estate agent in Florida and a Certified Distressed Property Expert (CDPE), I am not an attorney, financial advisor, or tax professional. I cannot provide legal, tax, or financial advice. Any decisions you make regarding foreclosure, short sales, or mortgage modifications should be discussed with a qualified attorney, financial planner, or tax specialist. By using this information, you acknowledge that I am not responsible for any legal, financial, or real estate decisions you make based on the content provided. Always seek professional advice before taking any action regarding your property or financial situation.
Durid Sukar and his team are absolute miracle workers. We found ourselves in a situation where we had a deadline to sell our home, limited resources to do so, and a lot of hoops to jump through to make it happen. Durid came by the house for our initial consultation already prepared with concrete estimates and strategies printed out and presented to us at once. If you have the good fortune to work with these people you will experience a team that is not only knowledgeable and proactive, but transparent and respectful. Durid above all else represented our decisions faithfully. He will give you as much or as little information as you want, and pivot strategies to reflect your goals as needed. Nothing happens you're not on board with, and he somehow always finds a way to get issues that arise solved immediately. There are realtor teams with in house law offices that couldn't pull off some of his victories. Never rests either, from the moment we signed with him he was tireless until it was done, how many of his weekends has he given us? Once things kick off and what's left is bureaucratic, you'll be in the hands of the incomparable Peggy Cruz. What a joy to work with, what a powerhouse of a person who is both tremendously polite, but also kind. She's meticulous and she's focused, nothing gets overlooked on her watch. She's not above monitoring a transaction at the last minute of the last day to guarantee you get your money deposited and available same day as closing. Come to find out by the end of our hardest tasks, she's funny too! Never met a team more organized and efficient. Confident too, they remained level-headed through every setback. It was a pleasure and an honor to work with these people who were there for us when we needed them most. Good at what they do, but mostly just good people. Thank you.
Paul
★★★★★
Getting Help
How do I know which option is best for me?
Each situation is unique. We offer free consultations to review your circumstances and recommend the best strategy.
Is foreclosure help free?
Many foreclosure prevention programs and services are free or negotiated with lenders at no cost to homeowners.
What happens if my home is already scheduled for auction?
You still have options, including delaying the sale, negotiating with the lender, or selling before the auction date.
How can I get started?
📞 Call me Immediately at (954) 699-4002 or Book a Free Consultation Today!
Book A Free Strategy Session
Facing foreclosure or struggling with mortgage payments? Get expert guidance tailored to your situation. Schedule a free one-on-one strategy session to explore your options and take the right steps to protect your home and financial future
Contact Us Today
Reach out for personalized solutions to avoid foreclosure and regain financial stability. We're here to help you navigate your challenges.
Support
(745) 799-4334
Inquiries
Durid@lauriereader.com
