Your First Steps to Avoid Foreclosure-Do You Know Your Next Step?

Do You Have A Plan?

In today's market, chances are you or someone you know is having trouble making the mortgage payment each month.  Facing the possibility of foreclosure is an overwhelming reality for homeowners already feeling the pressure of an upside-down mortgage.

If this is your situation, understand you are not alone.  Millions of homeowners nationwide are in the same circumstances. 

So where should you start? 

First, you need to know your situation.  Even if a bank has started procedures to repossess your home, it doesn't mean that you're out of time or options.  The foreclosure process is generally lengthy, so there is time to analyze your next steps.  Your first steps should include:

~ Take Action

~ Contact an Educated Agent - Be wary of any rescue scams or mediators that promise a quick resolution to a pending foreclosure in exchange for upfront fees.  A reputable counselor will not guarantee to stop the foreclosure process, no matter the circumstances.  Look for the CDPE logo to ensure that agent has undergone extensive training in the foreclosure avoidance options available to homeowners.  CDPE - designated agents, like me, have an education and resources to provide solutions.

~ Organize your Personal Documents and Information - Prepare by gathering your personal information.  No matter which option you choose, the process can be expedited significantly if these materials are assembled before hand:

Checking Account Statements
Recent Mortgage Statements
2 Most Recent Pay Stubs
Past 2 Years Tax Returns
A Letter of Hardship

I can assist you in organizing and understanding this process and ensure you have all the necessary information.

~ Contact Your Lender - Contact your lender as soon as possible to discuss the appropriate solutions to your circumstances.  Lenders want to avoid the foreclosure process just as much as homeowners. They are not in the real estate business, do no wish to take owenrship of a home, and do not want a house to sit idle on the market. 

Remember to keep your agent, or me if you choose to contact me, informed of any decision you make so they can take action after talks with your lender.

~ Understand All Your Options - Call me and I will discuss all available options for your particular situation.

Call our office for a free pre-foreclosure consultation

RE/MAX Short Sale Team
(714) 281-1146
www.GetAShortSale.com


All consultations are discreet and held in strict confidence, no information is shared.



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