Help Me Save My Home From Foreclosure
With the soft real estate market, we are getting more and more people asking to 'help me save my
home from foreclosure'. While we would like to help everyone save their home from foreclosure, we do have limited
resources and manpower.
Where to get someone to help me save my home from foreclosure?
If you have not defaulted on your mortgage payments, then great, you have plenty of time before
you will get foreclosure notices. Whether you are upside down on your mortgage or have some equity in your home or
not, when you are about to default on your mortgage payments and be in foreclosure, you should think about selling
your home fast.
Most people do not want to lose their home even when they are selling it themselves. However, if
you don't sell your home and you cannot afford the mortgage payments, then the bank is likely to take your home
anyway in foreclosure. However if you sell your home before you default on your mortgage payments, your credit
won't be hurt and it is likely you will find a smaller home to move into or an apartment. However if you go to
foreclosure, your credit will be destroyed and it won't be easy to find another home to move into, even smaller
ones. It will also be difficult to find an apartment that won't check your credit nowadays.
So, if you are about to go into foreclosure, do the followings:
1) Find a realtor to help you sell your home fast and for the most cash.
Use this link.
Planning to Sell a Home?
2) Find out the value of your home so you know how much you can sell it
If you are upside down on your mortgage, then selling on the market may not be enough to pay off
your mortgage balance. You may need to do a short sale with the bank(s) you owe your mortgage(s) to. Note that
it does not matter if you have the second mortgage or even the third mortgage when you do a short sale. The
short sale will take care of all the mortgages you have. Nowadays realtors can also help you with short