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 one: 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.
Step two: decide if Home Program 101 is an option for you
Our foreclosure assistance program allows you to avoid foreclosure by selling your home, even if you are upside down on your mortgage. We have 10 years experience helping people get through their situations. IF you are looking to sell as way to avoid foreclosure we always have home buyers always looking to purchase.