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Whether your goal is to stay in your home or simply get out of it without going through foreclosure... We may be able to help make it a reality.
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    Five Tips to Avoid Foreclosure
    At a news conference in Cleveland, the AFL-CIO provided these five tips to avoid foreclosure.

  1. Seek help right away. The first step is to recognize you have a problem and that you need to deal with it. Rising rates and higher payments are threatening more homeowners' ability to pay their mortgages. Experts suggest that you start by contacting your lender immediately, as early as the first month you have trouble making payment. In many cases, you can work through difficult situations with your lender.
     

  2. Don't ignore communications from your lender. Open all mail from your lender and answer all phone calls, emails and other contacts. If you find yourself involved in legal proceedings, you won't be able to plead ignorance if the loan holder can demonstrate diligent efforts to get in touch with you.
     

  3. Know your rights. Once you realize you are in trouble and you've opened up the lines of communication with your mortgage company, that's a great start, but there's more to be done. Review your loan documents for the specific language regarding what the lender can and cannot do in case of non payment. Research the foreclosure laws and timeframes in your state by contacting your state government housing office. Visit http://www.fha.gov/foreclosure/index.cfm

 

You Can Avoid Foreclosure and Keep Your Home

Contact your lender as soon as you have a problem -

Many people avoid calling lenders about money troubles because we: Feel embarrassed discussing money problems with others
Believe that if lenders know we are in trouble, they will automatically rush to a collection agency or foreclosure (seize property for failure to pay a mortgage debt)

But lenders want to help borrowers keep their homes because, more

   

No one solution for foreclosures: Wells Fargo | Reuters
Challenges facing homeowners today are so manifold that even lenders' best efforts to stave off foreclosures may never work, according to a major lender and a community group on Monday.

The combination of falling home prices, rising payments on adjustable mortgages and higher unemployment in some regions have created problems so diverse that single solutions, such as widening the Federal Housing Administration's (FHA's) reach

   

Foreclosures skyrocketing- mlive.com
It's a record no county wants to set, one that speaks of economic depression and neighborhood blight. The number of mortgage foreclosures in Jackson County this year has reached 950 -- the highest it's been in about 20 years, maybe longer, officials said.

The number is 10 times greater than it was 10 years ago, and there are still two months left in the year!

   

Foreclosure - Wikipedia, the free encyclopedia

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