Patricia M. Tracey and her associates at Real Estate, Education and Community Housing, or REACH, help Florida residents who are facing foreclosure on their homes. Motivated by a sense of community and a desire to help others, Patricia M. Tracey serves as executive director of the nonprofit organization. Between the US Housing and Urban Development (HUD) program and nonprofit services like REACH, there are many resources available to struggling homeowners in the state.
If you live in the state of Florida and are concerned that you will soon be behind on your mortgage payments, do not panic. Review the following steps and take action to protect your family and your home before it is too late.
1. Get in touch with your lender as soon as you know there is a problem. Financial institutions will generally work with you if you are honest and forthcoming.
2. If your circumstances are beyond just missing a payment or two, contact a HUD-approved non-profit counseling service. It is best to avoid becoming involved with a for-profit foreclosure company or any institution that wants you to pay them for assistance. The full list of approved Florida services is available online: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm
3. Educate yourself about your rights. Read Florida Statutes Chapter 702 to learn what protections you and your family are entitled to under state law.