Stop Your Home Foreclosure
If you have received a letter from your lender
telling you that they intend to foreclose on your property,
this is a serious legal matter that can have major effects
on your financial future for years to come. Here are
some important things to consider:
- First of all, it’s important to learn
what happens if your home does go into foreclosure.
Not only will you loose your home, but you will loose
your good name with the credit bureaus. Why is this
important? Not only will it bar you from getting
a future mortgage at a good rate, but it means that you
will pay more for car loans and credit cards as well.
The worse your credit, the more you’ll pay for interest,
the less you’ll have to live off and retire on.
It’s that simple.
- At this point, it is often the case that the only way out of the foreclosure is to pay off your property. In some cases, you may be able to get another lender to loan you the amount due and enter into a new mortgage agreement. More likely, you will need to sell your home – quickly. If you don’t sell your home, the lender will most likely auction it off. Either way you will loose your home. If you are proactive about selling your property, you may loose your home but you will save your credit and your financial future.
- As always, remember that no matter what you do to solve the problem, make sure that you are in communication with your lender. Open the letters; return the phone calls. If your bank has foreclosed on your mortgage, they are now in control of your property and it is important to know their intentions.
- Now is the time to sit down with a professional and take a look at your situation. Our caring professionals spend every day working with people just like you to find the best solutions to their problems. Don’t let embarrassment or fear keep you from getting the help you need!
Get home foreclosure help now!
Whatever your foreclosure situation is time is against you. The sooner you discover your options, the easier it may be to stop your foreclosure. Please enter your zip code in the field below to find foreclosure help in your area.
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