1) Are you behind in your mortgage payments, or concerned that you soon may be?
2) Have you received a Pre-Foreclosure Notice (Notice of Default – N.O.D.) from your lender?
If you are in this situation, don’t be ashamed. Millions of homeowners are in your situation – many times through no fault of their own. Many circumstances can put you in danger of foreclosure, such as a job loss, serious illness, divorce, etc.
The economic downturn we have been presented with has led to many homeowners being “up-side down” in their loans, meaning they owe more than the home is worth, making it impossible to refinance.
If you’ve become one of the millions, don’t panic. Foreclosure, and its accompanying effect on your credit, is not your only option. Understand your options, by communicating with your lender, and Local Real Estate Professional. Many homeowners have lost their homes to foreclosure without ever having contacted the bank.
What are some of my options? or I need help avoiding foreclosure now!