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Stop Foreclosure
Protect Your Credit and
Keep Your Home
John lost his manufacturing job six months ago in a round of mass
layoffs, and
he's been unable to find consistent work since. He and
his wife had little in
savings, and with every day that passes
they're getting further and further
behind on their bills.
Two months ago today, Mary's husband walked out on her and the kids.
Between childcare costs and other bills, she can barely afford to
put food on
the table.
Every day thousands of people across the U.S. fall deeper into debt,
often
through no fault of their own. Left unchecked, this debt
ultimately threatens
their number one asset, their home, through the
process of foreclosure.
It doesn't have to end there, though. There are ways to stop
foreclosure,
protect your credit and keep your home.
How to Stop
Foreclosure |
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Contact the Lender
Absolutely the first step to avoid foreclosure is to contact the
lender and let
them know your situation. In many cases, they can
work with you to
temporarily modify payment terms until your
situation is resolved. Never, ever
ignore late notices, letters or
calls from your lender. They would much prefer
to work together with
you to resolve the situation, but will not hesitate to
begin
foreclosure proceedings if it appears that you are unwilling to work
with
them to avoid foreclosure.
Redo Your Mortgage
If you're still current on your payments, or not too far behind,
refinancing may
be a viable option for you. Refinancing will pay off
your current mortgage and
in many cases lower your monthly payment
at the same time. It can be the
most straightforward method to avoid
foreclosure. We can help with your
refinancing. See our
Solutions page for full details.
Sell Your House
This may be the toughest route to stopping foreclosure, particularly
if you still
need somewhere to live, but it may be the only way to
stay out of trouble and
prevent a black mark from appearing on your
credit record. If you need to sell
fast, we provide you with the
ability to do that. We have the ability to close in
30 days or less,
or on whatever timetable fits your schedule, and may allow
you to
walk away with cash at closing. Click here
to sell your home!
Protecting Your Credit
Ultimately, protecting your credit must be your number one goal.
Your credit
report will be with you for the rest of your life, and
having a foreclosure noted
on it will cause problems for many, many
years down the road — problems
that only time will erase. Take steps
now to keep that from happening. It may
be difficult in the
short-term, but the long-term results far outweigh the
alternative.
See our Solutions page for full details.
Click here
to sell your home!
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