Put text here

Everyday, I see more and more people losing their homes as a result of foreclosure. Now, for those who have been lucky till now, and still have their homes, do not get to comfortable. The way the economy is, you could be next. Although, if you take the proper steps, you can highly increase the chance of avoiding foreclosure. I will outline what steps you should take below.

A) Look at your situation very careful. Estimate what amount (if any amount at all) you will be able to pay with your current situation.

B) Contact your lender and talk to their staff. Clearly outline the situation you are in, and also try to be very friendly. Lenders do not like taking ones property because of foreclosure,
and there are ways around it.

C) Talk to the lender and see if there is some sort of deal you can work out. Ask if they can allow you to make your payments later when your doing better financially

D) If the lender does agree, you need to realize this is not a permanent thing. You will need to work to get back on track with payments. If they notice that you are not making an effort, they will put the house up for foreclosure.

E) Look for ways to fix the problem at hand, be it by selling the house yourself, or somehow increasing your income (asking for a raise, getting a second job, etc…)

F) Do not disappear out of the lenders sight. Talk to them regularly, and this will allow them to see that you are making an effort. If they feel like your not making an effort, you will lose your house.

G) Do not stress yourself! It is possible to avoid foreclosure, but it does take a bit of effort on your side, and hopefully a kind lender!

Category: Credit Cards, Real Estate