FORECLOSURE - How To Save Your Credit If You Can't Save Your Home

Rescue your home from FORECLOSURE.  What to do when your lender starts calling.

The largest bill that comes due each month, no doubt, is your mortgage payment.  Problem is, when times get tough and cash is short, it may be the payment that you just can't make.  If you are already late in making one or more of your mortgage payments or, if it looks as if you will have a problem making any future payments, THE TIME TO ACT IS NOW - before your lender begins foreclosure proceedings.

Foreclosure is the legal process by which your lender can repossess your home because you fail to fulfill the terms of your loan repayment agreement.  Also, if it turns out that your home is worth less than the amount you owe, the lender may seek a DEFICIENCY JUDGEMENT against you.  If the lender is successful, you would not only lose your home, you would be required to pay the difference between your outstanding debt and what the lender was able to recoup by selling your home.

Both the foreclosure and the deficiency judgement would be part of your credit profile making you a bad risk for credit from other lenders.

ACT FAST - the more quickly you contact your lender when you're having trouble making payments, the more options you'll have for saving your home and your credit rating.

THE FORECLOSURE PROCESS - depending on the lender and state laws, foreclosure can take anywhere from a few months to a year-and-a-half.

CALL ME NOW for my FREE BROCHURE: "FORECLOSURE, How To Save Your Credit If You Can't Save Your Home.  This brochure will give you an overview of the foreclosure process in full as well as a section on WORKING IT OUT, the possibilities to stave off foreclosure.

BEWARE OF SCAMS - there are people out there that would love to take advantage of your unfortunate situation. Check out all offers you receive  before agreeing to anything.