Stop Foreclosure On Your House Immediately - Quickest Solution

Author: Hector Milla

Author: Hector Milla

So what is the very quickest way to stop foreclosure on your property? My first answer is to pay up your mortgage to date. Borrow the money from family, use a credit card, get a short term loan, sell your stuff on eBay but the best way to stop foreclosure dead in its tracks is to get caught up with your payments. Natalia Osorio Editor of the "Loan Modification Foreclosure" website -- http://www.LoanModificationForeclosures.com -- pointed out; Perhaps you can make partial payments or have your missed payments added to the end of your loan. Call your lender and ask them what is the best way for you to handle this with them. Keeping an open line of communication with them will benefit you in the long run. Talk to the "Negotiator" working on your case. Talking to dozens of others has little effect. When you are routed elsewhere, just keep asking for your negotiator; get a name early on if you can So you are up against a wall, how can you get really creative about saving your house and not having it taken away? If you have to stiff someone, stiff the credit card companies in order to pay your mortgage. The worst that can happen is for you to get a negative credit mark on your credit if you stiff the credit card companies, but if you do not pay your mortgage you can lose your house, and possibly not be able to buy another one for a long time. If you are able to, refinance your house. It is a great time to refinance because the interest rates are at all-time lows. You may even lower your monthly payment. Refinancing will give you a breather as well because you skip the first month's payment and then pay the following month, paying only the interest to the end of the month at the time of closing. So if you are in a job change this will give you a one month's breather on your mortgage. Then too, contact your loan company and start talking about loan modification so you can pay a lower payment every month. The whole country is having a tough time right now so the banks are willing to get creative with you and begin the process for loan modification. You will have to prove hardship of some kind, but there are so many hardships these days, surely you can think up several. You must think in terms of protecting the roof over your head above all else. If you do not, it will be hard to buy your next house. There are forgivable items on your credit, such as temporary late payments but lates on your mortgage will prevent other lenders from giving you your next house loan. Think of it the way they do- if you fell behind on your payments with XYZ lender, how soon will it be before you fall behind with them? N. Osorio added. Further information about how to get professional assistance with a mortgage loan modification by http://www.LoanModificationForeclosures.comAbout the Author:

Hector Milla runs his corporate website at http://www.OpsRegs.com where you can see all his articles and press releases.

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