Stopping Your Foreclosure
Apr 18th, 2009 by admin
Behind on your mortgage? Don’t Panic- Talk to us. Learn more about your options. We can help.
Stop the Foreclosure & Save Your Home … Starting Right Now
FORECLOSURE: It’s terrifying, nerve-wracking and exhausting. It can wreck lives, families and marriages and leave permanent scars.
If you have already been served your Notice of Default and you don’t deal with it correctly and promptly, it’s a monster that will eat you alive and leave you humiliated, emotionally shaken, homeless and financially destitute. And just for fun, it will completely destroy your credit, making it far more difficult and expensive to rent an apartment, buy a car, obtain credit cards or other credit and nearly impossible for you to qualify for a mortgage to buy another home.
If you’re property is approaching, or actively in foreclosure, it’s no comfort knowing that you are just one of, literally, millions of Americans who are at risk of losing their homes this year, but believe it or not, that’s actually part of the good news.
Because an unprecedented number of Americans are facing foreclosure (or have already lost their homes to foreclosure in the last 2 years) you really are not alone. That fact has compelled the federal government to exert pressure on banks, since they received those massive bailout loans, to create solutions to help Americans avoid, or get out of, a home foreclosure.
Congress has made changes to banking laws so that now many people who are facing foreclosure are able to stop the proceedings and restructure their debt so they don’t lose their homes. It’s called a loan modification.
BUT YOU MUST ACT QUICKLY TO AVOID LOSING YOUR HOME!
The foreclosure process follows a specific, legally mandated time-frame in each state, and regardless of the state you live in, you only have a finite amount of time to work with. If you don’t intervene and take action quickly and decisively, the foreclosure process will run it’s course and you will lose your home.
If you’ve already been served a Notice of Default, in most states you have less than 90 days to take action and save your home.
Behind on your mortgage? Don’t Panic- Talk to us. Learn more about your options. We can help.