Foreclosure is a legal process through which a mortgage company repossesses a property. This occurs when the property owner fails to make payments and defaults or violates the agreements of their mortgage loan.
Even if you have received a foreclosure notice there are ways to combat and avoid the serious repercussions of foreclosure.
Give us a call or schedule a call using this form to learn how Forza can help you handle timeshare foreclosures.
The impacts of foreclosure can be serious. Most notably is credit damage. According to FICO, a foreclosure can drop your score by 100-160 points. Additionally, this damage lasts for 7 years.
Consumers may also suffer from:
Foreclosures are serious. You don’t have to go through it alone. Forza Consumer Group is a consumer protection agency that assists with timeshare-related claims. Our agency is able to:
Don’t wait for the resort to foreclose on you. Take action with FORZA’s help!