5 Proven “Avoid Foreclosure” Strategies
If you find yourself in trouble with your mortgage, don’t give up and don’t hesitate to get legitimate help. To avoid the devastation of foreclosure you must be proactive in doing all you can to circumvent it. As helpless as you might feel, there is much you can do to save your credit and maybe even your home.
If you are a home owner facing the threat of foreclosure, you need to act sooner rather than later.
Contact your lender, explain your situation and inquire about your options. When you do, be prepared by using these steps:
Understand your property debt.
Understand how your tax obligations effect your ownership
Understand your mortgage and lien priority.
Understand and exercise your options.
Know where to get professional help (being careful to avoid real estate scam artists who have cropped up to take advantage of unwary homeowners in distressful situations).
PLUS bonus information to help you successfully navigate from foreclosure to freedom.