Florida Foreclosures-Resue Act And Other Help by Marty Orefice

The new Foreclosure Rescue Fraud Prevention Act of 2008 that was just signed into law in Florida is good news for homeowners facing foreclosures. But is it enough? While it does help homeowners who are facing foreclosures be informed of their rights, it does nothing to stop foreclosures. Protects from PredatorsHomeowners facing foreclosure are very susceptible to predators who attempt to take advantage of them while they are face a financial crisis. The legislation that passed will require that homeowners who are under the threat of losing their homes to foreclosure will have to be informed about their rights before signing a contract with a foreclosure rescue business entity. Options AvailableWhen homeowners are facing a possible foreclosure they are under a lot of stress. They don't know whether to sell their home or whom to contact for assistance. Selling using a traditional Real Estate Broker can be too time consuming, and there are very few companies that can offer foreclosure assistance to people who may be able to save their homes. There may other options available to homeowners who are facing a possible foreclosure. Companies such as US Home Assist will work with financially strapped homeowners to help them avoid foreclosure and a possible bankruptcy. RefinancingIf a homeowner is already in financial distress it may be almost impossible for them to get refinancing at a lower interest rate or other help to save their home. In many cases they may decide to sell their home. There are ways to refinance without going through a bank, Mortgage Company or other financial institution even if you are self-employed, have bad credit, or are facing foreclosure. There are options. Some companies offer plans that offer private financing to help struggling homeowners get back on their feet. Sometimes the only option is to walk away from a home. If you use one of the companies that buys homes fast homeowners can leave their home with some money in their pocket and their dignity intact. While the new Florida Foreclosure Rescue Act of 2008 goes a long way to assist homeowners by protecting them from predators, there is still much work to be done. A homeowner facing foreclosure has other options such as private financing and the option to sell their home fast using a reputable home buying company.
About the Author
Martin Orefice the president of www.USHomeAssist.com, a group of professional home buyers that purchase houses nationwide. Visit http://www.USHomeAssist.com to find out how to sell your house fast, and even stop foreclosure.