
FORECLOSURE
Foreclosure is the legal process by which the lender takes back ownership of mortgaged property (your home) and sells it because the monthly payments have not been made.
I understand the problems and issues that homeowners are facing when trying to decide if foreclosure is right for them. Remember a foreclosure will impact your credit for the next 5 years. A low credit score will make it harder to rent property, buy a car or get a credit card plus you may pay high interest rates.
- Don’t ignore the letters from your lender
- Contact your lender as soon as you realize that you have a problem – lenders do not want your home.
- Open & respond to all mail from your lender – mail may include important notices of pending legal actions.
- Understand foreclosure prevention options – I CAN HELP YOU WITH THIS.
- AVOID foreclosure prevention companies – you should not pay a fee for prevention help.
THE WORST THING YOU CAN DO IS NOTHING! LET ME HELP.
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