5 Steps to Take When You're Facing Foreclosure"

1. Contact your lender: Don't ignore the problem and hope it will go away. Contact your lender as soon as possible to discuss your options and see if a repayment plan or loan modification can be arranged.

2. Get professional help: Consider seeking the advice of a housing counselor or real estate attorney to help you navigate the foreclosure process and understand your rights.

3. Look into government programs: There may be government programs available to help you keep your home, such as the Home Affordable Modification Program (HAMP) or the Emergency Homeowners' Loan Program (EHLP).

4. Consider a short sale: If you're unable to keep your home, a short sale may be a good option. This allows you to sell your home for less than what you owe on your mortgage and potentially avoid a foreclosure on your credit report.

5. Protect your credit: Regardless of what option you choose, it's important to take steps to protect your credit during the foreclosure process. This may include disputing errors on your credit report, monitoring your credit score, and planning for your financial future.

   
   
   
   
   

Remember, facing foreclosure can be a difficult and stressful experience, but there are steps you can take to help protect yourself and your credit. Stay informed, be proactive, and seek help when you need it. Lastly - give us a call here if you are interested in a fair cash offer for your home.