Foreclosure
Finding a Way to
Keep Your Home
Homeowners facing foreclosure and at risk of losing their homes, may be qualified for one-on-one foreclosure prevention counseling with an NFCC certified credit counselor from a HUD-approved member agency. As part of the session, your counselor will help you explore different ways of resolving your mortgage situation. If you fear that you are going to have trouble making your mortgage payments, contact us immediately and let us help you get through your financial difficulties.
What is Foreclosure?
Simply put, foreclosure occurs when a homeowner is no longer able to make the required mortgage payments. As specified in the mortgage contract, this allows the lender to seize the property, evict the homeowner, and sell the home.
Legitimate or Fraudulent?
Legitimate companies will sit down with a homeowner and collect documentation. Their representatives will explain the offer and the process in as much detail as needed to make an informed decision. All promises and agreements will be in writing. Their representatives will not object to your desire to consult a lawyer, credit or housing counselor, family member, friend or other expert resource.
Most legitimate companies will not solicit your business through high-pressure direct marketing, nor will they make promises up front to save your home, offer immediate cash or save your credit rating.
Before you sign any contracts, you should contact your lender, a credit or housing counselor, or a lawyer. When in doubt you can also check out the company’s veracity at www.bbb.org.
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