If you are finding it more and more difficult to pay your mortgage, you probably already realize that foreclosure is looming. This is a stressful situation and you certainly don’t want to lose your home, but your financial situation may give you no other choice. However, there are some things you can do to prevent a foreclosure, and our experienced team would like to help.
Face the Facts
The biggest favor you can do for yourself is to face the facts. Delaying the inevitable will only make things worse. Talk with someone experienced in foreclosure defense so that you have a better understanding of all your options.
Review Your Mortgage Paperwork
You should review your mortgage documents to determine what your rights are. You remember signing mounds and mounds of paperwork when you first purchased your home? Well, most people don’t read through the documents before they sign the papers, but those documents offer protection to the buyer as well as the lender. Take some time to read through the paperwork.
Negotiate
You have options, so work with your lender to come up with some solutions to the problem. Those options include selling your home back to the bank, selling your home to someone else and giving all of the proceeds back to the lender, or working out a change in the terms of your mortgage to allow you to stay in your home and continue to make payments.
Contact our team today for more information on the foreclosure defense process.
