| We understand the being in foreclosure is a scary | | | | Seeking help before you are 90 days or more behind |
| thing. You are probably wondering how can I stop | | | | on your payments can greatly increase your chances |
| foreclosure on my house. There are many options | | | | of success. |
| available when facing foreclosure. They may include | | | | Here are a few tips if you are facing foreclosure. |
| reinstating the loan, forbearance, loan modification, | | | | First no not ignore any attempts of contact from |
| mortgage refinancing, sale of the property, deed in | | | | your lender specifically letters. If you can not keep up |
| lieu of foreclosure, or bankruptcy filing. | | | | on your payment, call or write to your lender and |
| There are also many services that will work with | | | | explain your situation. Be prepared to give financial |
| your to help with your situation. These companies are | | | | information, and tell them that you would like to |
| able to tailor a plan specific to your needs. It is most | | | | work out an arrangement until you can resume |
| important to know that time is your worst enemy | | | | making timely payments. It is also a good idea to |
| when facing foreclosure. Even if you are just one | | | | keep records of any contact you have with your |
| payment behind, you should do something rather | | | | lender. Keep in mind that any workout plan you agree |
| than wait until you are even more behind. This may | | | | to with your lender should be realistic, don't agree to |
| sound like common sense but many people fail to do | | | | something you can't follow through with. |
| something, and just pretend like nothing it wrong. | | | | |