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Stop a Pensacola Foreclosure: 6 Ways to Save Your Home


Pensacola Foreclosures Are On The Rise. Real Estate Pro Cherylyn Stopler Of RE/MAX Horizons Realty And Has Some Timely Advice For Homeowners To Keep Their Houses In 2010

Pensacola, FL - Between February and March, Pensacola had one of the highest increases in foreclosure rates in the country. According to Broker-Associate Cherylyn Stopler of RE/MAX Horizons Realty, many homeowners could still have their homes today — if they had known about the options available to them. Here are the top six ways to stop a Pensacola foreclosure:

1. REFINANCE. There may be several refinancing options available, including negotiating with the lender to extend the term of the mortgage or to get a better interest rate to help lower monthly payments. For homeowners facing a Pensacola foreclosure, Stopler and her staff can provide advice on the various refinancing options available through a free, no obligation consultation.

2. QUALIFY FOR THE MAKING HOMES AFFORDABLE PROGRAM. This Obama administration program includes the Home Affordable Modification and the Home Affordable Refinance programs, both of which can make it possible for eligible homeowners to meet their monthly payments. Stopler helps homeowners to understand all their options available under these programs, as well as the Second Lien Modification Program and the Homeowners Assistance Program, which was recently extended to assist service members and Department of Defense employees.

3. SELL YOUR HOME. This is a difficult decision for many homeowners, especially in a market with many foreclosed homes. However, with over 24 years of experience in the real estate industry, Stopler helps homeowners to stop a Pensacola foreclosure by selling their homes even in the toughest market, including helping them to avoid deficiency judgments.

4. CONSIDER A SHORT SALE. To stop a foreclosure with this option, homeowners sell their homes for less than the amount owed on the mortgage. A short sale saves banks high foreclosure fees and also helps homeowners to protect their credit ratings (compared to having their homes foreclosed). Short sales are best negotiated by a seasoned real estate professional.

5. FORBEARANCE. In this agreement the lender doesn’t carry out their legal right to foreclose on a home as long as the homeowner or borrower takes some action to address the situation. Possible actions include agreeing to a payment plan, listing the home for sale with an agent, or making improvements to the property.

6. DEED IN LIEU OF FORECLOSURE. In this process, a homeowner gives back the property to the lender in exchange for forgiving the debt and to stop foreclosure proceedings. The bank can then sell the home at auction or through traditional real estate sales methods. However, homeowners should make sure they’re not stuck with paying the deficit (deficiency judgment) after the bank sells the property.

For more assistance with your real estate needs, including stopping a Pensacola foreclosure, visit, or call (800) 947-3629, or email

Cherylyn Stopler has been a million/multimillion dollar Pensacola real estate professional for more than 24 years, using her expertise to assist individuals and families to purchase or sell homes, and to invest in Pensacola foreclosures, residential properties, and commercial properties. Her professional designations include Broker-Associate, Accredited Buyers Representative (ABR), Certified Residential Specialist (CRS) and licensed Auctioneer.


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