FACING FORECLOSURE: WHAT TO DO?
Foreclosure is a very emotional event and homeowners who let their emotions get the better of them can make decisions that will cost them dearly.
Whether you have been facing financial problems for some time, or you are in a temporary situation because of injury, job loss, downsizing, divorce or other set backs you need to understand what options are available for you.
I understand what you are going through. I am a home inspector and when the real estate market took a nose dive 2 years ago my business went down the tubes with it. I went from doing 10-12 home inspections a week to doing 1-2 inspections a week. In addition to my financial problems my wife was diagnosed with cancer and for almost six months we lost her income. I know what it feels like when the phone rings and you get that horrible feeling in your gut because you know it’s another creditor bugging you about missed or late payments. Its not that you don’t want to pay, you just don’t have any money to make those payments.
In my next post I’ll tell you how I found ways to deal with my situation and how you can help yourself and your family avoid foreclosure.
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