Avoid Foreclosure!

Attention Homeowners in Pensacola Florida and Surrounding area.

Navigate the Complexities of Avoiding Foreclosure With Our Seasoned Real Estate Expertise

It Can Happen to Anyone!

I am Jack, a real estate agent with 25 years of experience in the Pensacola, Florida real estate market. I am a pre-foreclosure expert, where I have helped numerous property owners avoid foreclosure. The experience I bring to the table allows me to find solutions and when that is combined with tenacity, success follows.

Deficiency Judgement

In Florida, lenders are allowed to pursue deficiency judgements in the event of foreclosure. However, it's essential to consult local laws and regulations for the most current information. Below is a general discussion of what foreclosure deficiency judgements entail.

What is a Deficiency Judgement?

When a home is foreclosed and subsequently sold, either at auction or through a real estate transaction, the selling price may not be enough to cover the mortgage balance, unpaid interest, and associated costs of the foreclosure process. The difference between the sale price and the total debt is known as the "deficiency."

In Florida, lenders can go to court to obtain a "deficiency judgement," a legal order that requires the borrower (you) to pay the remaining deficiency amount.

There are Alternatives to Foreclosure

Facing foreclosure can be a challenging situation for homeowners. There are eight options that homeowners may explore to avoid foreclosure or mitigate its impact. Keep in mind that the availability of these options can depend on individual circumstances, lender policies, and local laws.

Loan Modification

Refinancing

Repayment Plan

Sale of Property

Short Sale

Rent the Property

Deed in Lieu of Foreclosure

Bankruptcy

Testimonials

"Jack knows the market better than most Realtors. He can help you with complicated transactions that many agents would shy away from. He had to do an extensive amount of work to get my duplex to closing (beyond the call of duty). He earned every penny of his commission! I held a real-estate license at one time so I know a little bit about how to judge the knowledge and effectiveness of a realtor. I highly recommend Jack for ANY real-estate transaction."

"Jack Lara has been my real estate agent for nearly 20 years. During that time, I have come to know him as a sincere and caring person. He is willing to go to great lengths to look out for my best interests as well as those that I have referred to him. He has helped my family, friends, old-time high school friends, neighbors, and sometimes even mere acquaintances achieve their goals. Jack has helped me turn a profit on my real estate investments and just as important has advised me what not to purchase. I have lost count of how many times he has helped me. If I had to guess it would be 20+ times. And the number of times I have referred him has to be at least several dozen times…. Recently he helped my best friend from high school prepare her condo to sell prior to her passing. The amount of sincere compassion is a rare quality and I look forward to working with Jack again and again along with continuing to refer this good man!"

Vicki H.

"Jack, thank you for being so kind, determined, and assuring that we could sell instead without me having to write a check at closing."

Pam S.

"Seemed Impossible."

"Jack Lara took what seemed to be an impossible situation and made things work. Jack never once treated me in any way other than with complete respect and professionalism. He is a realtor that will work harder than expected on a short sale to get everything squared away. He is in constant Communication with all parties involved and doesn't miss a beat. I would highly recommend Jack Lara to anyone looking to have a successful sale on their home."

Betsy H

"Jack is the best real estate agent I have ever had the pleasure to work with. He took on a very difficult short sale that most other agents would not even consider and then was diligent and professional. Most importantly, he was successful. When challenges popped up, he overcame them. If I ever do another real estate deal in Pensacola, Jack will certainly be the first person I call. I have worked with many so-called real estate professionals that are more of a liability in getting a transaction complete than an asset. They have to be babysat throughout the deal. I would trust Jack to handle every aspect from start to finish and to have my best interests covered every step of the way. This is your guy."