The NAR has posted seven tips for homeowners facing foreclosure. These include:
* being proactice
* know the details of your mortgage
* contact a HUD-approved housing conselor
* priortize spending
* sell other assets
Google Search
Foreclosure Resources
Google Ad Image
Google Ad Links
Google Ad Sidebar 2
Trouble Making Payments?
- #1 - REALIZE HAVE A PROBLEM You first need to realize you have a problem that needs to be fixed. You would be amazed how many other households right now are also having problems and your loan servicer probably has several different options that can help keep you in your house. But, you need to realize you have a problem and then need to act!
- #2 - GET DOCUMENTS Before you contact your mortgage servicer, you should get all the relevent information together of how your situation has changed, including paystubs and/or expenses.
- #3 - CONTACT SERVICER Contact the loss mitigation group of your loan servicer. You are not the first to have a problem. But, if you have a plan, and all the supporting documents, there is a good chance you can work something out.
« Fannie Mae Loosens Lending Standards | Main | U.S. Senate Strikes Deal on Housing Rescue »
May 19, 2008
TrackBack
TrackBack URL for this entry:
http://www.typepad.com/services/trackback/6a00e54f915d69883400e5523de8c08833
Listed below are links to weblogs that reference Advice for Anyone Facing Foreclosure:
Verify your Comment
Previewing your Comment
This is only a preview. Your comment has not yet been posted.
Your comment could not be posted. Error type:
Your comment has been posted. Post another comment
As a final step before posting your comment, enter the letters and numbers you see in the image below. This prevents automated programs from posting comments.
Having trouble reading this image? View an alternate.
Terms and Use
Support our Advertisers!
- We are 100% ad supported. So please click on any ads of interest to show your support to our advertisers. Thanks!
Comments