Use Pre Foreclosure To Your Advantage

Pre Foreclosure is the period that starts when you
miss a mortgage payment.

Your lender requires to get paid every month on
time as stated in your mortgage agreement. Once you
fall behind you will start receiving phone calls and
notices in the mail from your lender.

This begins the Pre Foreclosure period. This period can
last between three months to a year, depending on
where you live and your circumstances.

This is a kind of a grace period with a twist. The more
time goes by the more fees will be added to your
overdue bill.

Depending on your situation you will have
different options:

• At this time you will have an opportunity to
  get help and plan your next move.
• First you should decide if you want to keep your home.
• Next assess if it keeping your home makes financial sense.
• If you chose to keep your home and it makes
  financial sense contact me, I can help you.

If you had a temporary financial setback you will be
given a Forbearance plan. Your past due amount is
going to divided into payments and added to your
regular payment until you catch up.

In the case that you have a significant financial
hardship you may qualify for a Loan  Modification.

If your income is insufficient and you can't get
approved you will have to consider selling your
home to avoid Foreclosure.

Nowadays most of us owe more on our homes than what they are worth.
If that is your case, the only way you can sell your home is through a
Short Sale.

Your last resort to avoid Foreclosure should be a Deed in Lieu.

To avoid losing your home to Foreclosure  you have to get informed of 
all your options.

Dealing with your lender is a complex and nerve wrecking.
It appears to be a simple process until you get into it.
With thousands of homeowners going in to Foreclosure every day your
lender is swamped with calls and your time is limited.
.
Call me, I understand how your lender thinks. After our convention you will know what to do next.

Return from pre foreclosure to home