In today’s mortgage market more Americans are facing foreclosure than ever before.  Some states are experiencing 1 foreclosure in every 253 homes.  Some markets in those states have experienced 1 foreclosure in 35 homes.  Builders have left partially built homes as just that…partially built! 

So, what do you do if you are one of those facing Foreclosure.  Well, it may be easier than you think.  TALK TO YOUR LENDER!  They may be willing to work with you to avoid foreclosure.  Lenders really don’t want foreclosures and they will do what they can to help you get back on your feet.

I recently met a woman through a former client, that was facing foreclosure.  I spoke to her about her situation, which I felt could have been resolved through communication and sacrifice.  She was terrified to speak to her lender whom at this point was on the verge of evicting her.  I spoke to the lender on her behalf and discovered they have made numerous attempts to help her out, yet she refused to even read her mail or answer her phone.  Her fear of the unknown was her doom.   She acted as an ostrich, she stuck her head in the ground and hoped her problems would go away!  Well, they didn’t!  Her problems just got worse and now she is looking for a place to live and is still responsible for her past due mortgage.  I had stepped in to help her out. I gathered the information she needed to take steps in the right direction, yet she refused to do anything!  She is now looking for a new home to rent!  If only she had taken that one simple step and contacted her lender she could have saved herself and her home! 

So, if you too are facing foreclosure, act now!….Call your lender, call your attorney, and call your tax advisor. (there can be tax consequences if you are relieved of a debt)

If you have spoken to your Lender, and Attorney and/or Tax advisor, and have decided it is best to sell…then contact me at 714-693-6806  REALTOR’s sell homes faster and for more money than selling it yourself!