Bad Credit Florida Mortgage Lenders Programs
Florida bad credit home mortgage lenders for bad credit refinance with late payments 30 days, 60 days, 90 days, and 120 days late Foreclosure, Bankruptcy, Judgments, Collections, Repossession, Divorce: Tax liens, Garnishment, Student loan default, to stop foreclosure, stop bankruptcy get out of debt.
- Bad Credit Florida Mortgage Lenders – {500+ with 0% down}
- Super Jumbo Bad Credit Mortgage Lenders – {500+ with 10% down}
- FHA Bad Credit Mortgage Lenders – {500+ with 10% down}
- USDA Bad Credit Mortgage Lenders – {500+ with 0% down}
- VA Bad Credit Florida Mortgage Lenders – {500+ with 0% down}
- NON-QM Bad Credit Mortgage Lenders – {500+ with 0% down}
People Need Bad Credit Florida Mortgage Lenders Because:
- Late Payments: Late payments that could reported to the credit agencies could be 30 days, 60 days, 90 days, and 120 days late. A late payment occurs when a payment is made after the due date or grace period, potentially leading to late fees, increased interest rates, and a negative impact on your credit score.
- Foreclosure: Foreclosure is a legal process where a Florida mortgage lender after a borrower defaults on a loan, takes ownership of the mortgaged property and sells it to recover the outstanding debt.
- Bankruptcy: Bankruptcy is a legal process that allows individuals or businesses to ask the court system to discharge debts when they can no longer repay them, offering a “fresh start” by liquidating assets or creating a repayment plan.
- Judgments: A judgment is the court’s official ruling that determines the outcome of a lawsuit or legal dispute.
- Collections: A collection account occurs when a creditor transfers an unpaid debt to a collection agency, which then attempts to collect the money owed, and this can negatively impact your credit reports for up to seven years.
- Repossession: Repossession, often called “repo,” is when a creditor takes back property (like a car) that a borrower has defaulted on, meaning they failed to make payments or otherwise breached the loan agreement
- Divorce: Divorce, or dissolution of marriage, is a legal process that terminates a marriage, often involving issues like property division, child custody, spousal support, and child support.
- Tax liens: A federal tax lien is the government’s legal claim against your property when you neglect or fail to pay a tax debt. The lien protects the government’s interest in all your property, including real estate, personal property and financial assets
- Garnishment: Garnishment is a legal process where a creditor obtains a court order to collect a debt by seizing a portion of the debtor’s wages, bank accounts, or assets. It allows creditors to recover owed funds directly from the debtor’s income or assets to satisfy outstanding debts. U.S. Department of Labor.
- Student loan default: The entire unpaid balance of your loan and any interest you owe becomes immediately due (this is called “acceleration”). Your tax refunds and federal benefit payments may be withheld and applied toward repayment of your defaulted loan (this is called “Treasury offset”).
People Need Bad Credit Florida Mortgage Lenders Because:
- Divorce: Records show that divorce can have a serious impact and cause bad credit. Mismanage joint credit accounts or the stress of getting a divorce causes you to accidentally miss payments, your credit can certainly take a hit.
- Jail: While jail itself doesn’t directly ruin your credit consequences of legal issues, like unpaid fines, legal fees, or job loss, can significantly damage your credit score.
- DUI: The consequences including fines, legal fees, and increased insurance premiums can negatively impact your credit score by potentially leading to missed payments, increased debt, and lower credit utilization.
List Of Reasons Why People Might Need Bad Credit Mortgage:
Your infant is diagnosed with an incurable disease and will need a transplant or he will die.
Your wife leaves you for another man.
Your husband loses his job and stays home every day drinking.
Your spouse leaves and takes everything and you are forced to file bankruptcy.
You get into a car accident and kill someone.
You are sent to prison for a crime you did not commit.
Your car is stolen.
Your spouse/partner cheats on you.
You are diagnosed with an illness that makes you lose your ability to think clearly.
You have a lifelong struggle with your weight/body image.
Your daughter is murdered by her husband, but he’s free and has custody of their children.
You contract an incurable sexually transmitted disease.
Someone close to you is dying.
You are at death’s door.
Your best friend gets divorced and has to move in with you.
Your home is broken into and you are raped.
You and your best friend got in a big car wreck.
You are exiled from your country
You are exposed as a fraud on national TV
Your child is abducted
Your sister is injured in a car accident and is paralyzed on one side of her body.
Your son goes to war and is a prisoner of war.
Your wife gets breast cancer.
You lose all confidence in yourself and become a hermit.
You are fired from your job and have to move out of the county.
You were born without the ability to see.
Your daughter is convicted of murdering her children.
You are paralyzed from an accident.
You lose your entire family in a tornado.
You have a different, serious crisis every year.
You have to have your arms amputated.
You witness a gruesome murder.
You are drafted to fight in a war you don’t support.
Someone thinks someone is trying to kill you.
You hate the way you look.
You fail at everything you do.
Your family thinks your beliefs are crazy.
Your boat capsizes and you are lost at sea.
Your friends abandon you.
Your mother won’t talk with you.
You lose everything and have to move in with someone abusive.
Your father beat you as a child.
You are diagnosed with a chronic, painful illness.
Your business fails and you lose everything.
Your home is destroyed by fire and ou don’t have homeowners insurance.
Your mother is diagnosed with terminal cancer.
Your home and neighborhood is destroyed in a hurricane.
You flunk out of college and cannot find a job.
You get arrested and are sentenced to 10-20 years in prison.
You have to pay child support for a child you didn’t want.
You are 15 and pregnant.
You lost all your money and savings.
Your child runs away from home and lives on the street doing drugs and working as a prostitute.
You think of suicide all the time.
You know other people’s problems may be worse than yours, but you are still devastated.
You are forced to live on the street.
Your son is arrested for rape.
Your dog or your cat is killed.
Your country is the victim of a terrorist attack.
You are stranded on a deserted island.
You were falsely accused of abuse and lost custody of your children.
Your business manager steals all your money.
Your boyfriend sexually abused your children.
You are in the witness protection program and are forced to leave everyone and everything you know.
Your boyfriend/girlfriend leaves you after 10 years together.
You have to have a hysterectomy and won’t be able to have children.
You have an illness that puts you on long-term disability.
You have prostate cancer and will no longer be able to perform sexually.
Your husband leaves you alone when you are 8 ½ months pregnant.
