subject: You Can Now Stop a Foreclosure by Extending Your Payments and Staying in Your Home [print this page] You Can Now Stop a Foreclosure by Extending Your Payments and Staying in Your Home
Foreclosures have been seen everywhere that the housing market has crashed. You are seeing more and more people that are losing their homes because the payments keep going up on their adjustable rate and they can not possible keep up. It is a shame that there were so many crooked lending institutions that allowed this to happen.
Find the Best: Foreclosure Help Now
There is government help available to homeowners so that they can stay in their homes and avoid the dreaded foreclosure. The truth is many of those programs do not work very effectively. You need to search for other help and ways to keep from becoming home less.
Get Free: Foreclosure Advice Today
You need to be in control of your home situation and do not leave it up to an adviser or expensive attorney you may have hired. You want to be versed in the laws that exist for your home in your state because they vary form state to state.
Make sure that you always respond to any notices that you receive from your lender about foreclosure. It is a must that you talk with them and communicate on every level. They have the power to start the process to foreclose on your home and you do not want this to happen.
First you want to Write Hardship Letter and send it to Your Lender
Life happens and there can be a variety of reasons that you can not make your payments. You may have lost your job and do not have the money you used to. You may be a victim of a raise in interest rate and this can cause the mortgage to become unaffordable.
Second Request Getting a Court Hearing for your Home
This is a good thing to do because it will let your lender know that you are serious about staying in your home. By requesting a court hearing you will also delay the foreclosure proceeding and this can buy you some valuable time.
Lastly get Your Loan Documents Audited
If you have had a loan in the past few years there is probably mistakes that can be corrected. If they find that the lender has made major mistakes then you can have them get a new loan agreement that will be more reasonable for you.
Remember that the power is in your hands and if you do the little things you can stay in your home and avoid going into foreclosure. It may be stressful for you but in the end it will save your house.
