That dirty "F" word. No, not the 4 letter one. That other one...the one that all home owners dread. You may or may not be on your way to foreclosure. If you are, here are some tips to help you avoid that horrible "F" word.
First thing I can tell you is this. Don't pretend like the problem doesn't exist. Ignoring it isn't going to make it go away. I've done that with health related issues and it only made the problem worse. So act now. Don't wait....
Believe it or not, your lender is your friend, NOT your enemy. They don't want or need your house. They want you to keep making payments on it. That's how they make their money, not by taking it away from you. So contact them and work with them. You'll find that most lenders are reasonable.
Get educated. There are tons of laws regarding foreclosure. You need to learn them so you know what you're up against. Ignorance of the law is also no excuse. Nobody wants to hear that you didn't know. So learn all that you can. Just go to Google and look up "Foreclosure Laws" and you'll find plenty.
Make a budget and stick to it. Whatever you need to put towards paying off your mortgage goes first. Everything else, except for maybe the lights and the food on your table comes second. If this means doing without the cable TV, then so be it. What good is cable TV if you don't have a home to put it in?
In the meantime, if you need to sell your home, remember, this is a buyers market thanks to the idiots giving loans to people who can't afford to pay them back in the first place. So selling your home now won't be easy. However, I recently read a great book on selling your house in a buyers market that teaches a really out of the box tactic that should work link gangbusters. I don't know why, as a marketer, I never thought of it, but it is pure genius.
You can check this system out here.
SOLD IN 21 DAYS
To YOUR Success,
Carson T Dyle