lifesaverAvoid Foreclosure

Need help with foreclosure looming in the future?

A foreclosure is a situation in which a homeowner is unable to make mortgage payments as required, which allows the lender to seize the property, evict the homeowner and sell the home, as stipulated in the mortgage contract. A  Home Program 101 specialist is state licensed, and can step in on your behalf and see if there is a way to negotiate on your behalf to help you to avoid foreclosure. We can answer questions about how much time you have until you have to move, selling your house if you are upside down on your mortgage, selling if you are in an equity position, or how filing bankruptcy could affect your foreclosure & homestead.

Step 1: Communicate With Your Lender

As soon as you realize that you are going to have trouble making your mortgage payments, contact your lender and tell them about your financial difficulties.  This gives them the opportunity to work with you to create a plan.  Though you may feel scared or embarrassed, immediately begin working with your lender to avoid foreclosure on your home.  Here’s more from the Federal Trade Commission on how to talk to your lender about trouble making payments.

Your lender may have options for you like:

  • Forbearance Programs
  • Loan Modifications

The State of Arizona May have Help with Foreclosure for you:

Step 2: Decide.  

Decide if the above forbearance or modifications listed above will help your situation. If they don’t, the next step is to decide to avoid foreclosure by selling your home. We can help even if you are upside down on your mortgage (commonly known as a Short Sale) or if you have already received a foreclosure date. We have 13 years experience helping people get through foreclosure situations. 

Step 3: Request Foreclosure/Short Sale Assistance

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