Consolidar Deuda de Tarjeta de Crédito
Telf: 1-800-TARJETA

Donar Carro para Cancer de Mama

How to Avoid Home Foreclosure

Avoid Home ForeclosureHow to Avoid Real Estate Foreclosures - Your first step is to call your mortgage lender. If you are having a difficult time paying your mortgage on time, it's important to call your lender immediately, before things can get bad which can lead to a real estate foreclosure. Your biggest ally if you encounter difficulty paying your mortgage on time is often your lender.

Your mortgage lender has options to help you stay in or sell your home. These options include forebearance, repayment plans and loan modifications as well as relief under the new Federal housing plan. You can find their contact information on your mortgage statement or coupon book.

Working With Your Lender to Stop Foreclosure

When you call your lender, be sure to have your account information handy and be ready to give a summary of the financial problems you are having. You should also have recent income statements and your household budget with you.

RealtyTrac Foreclosure Reports

About The RealtyTrac U.S. Foreclosure Market Report provides a count of the total number of properties with at least one foreclosure filing reported during the year at the state and national level. Data is also available at the individual county level. Data is collected from more than 2,200 counties nationwide, and those counties account for more than 90% of the U.S. population.

Foreclosure Prevention Advice

About Foreclosure Prevention Counseling - A report from the U.S. Department of Housing and Urban Development found a 55% increase in the number of families receiving foreclosure prevention counseling between 2006 and 2007, with growth expected to be much higher in 2008.

The Foreclosure Problems

The Foreclosure Problems - The No. 1 reason people fall behind on their mortgage is loss of a job, or some source of income, perhaps from a divorce or death of a spouse. If a borrower is unemployed, lenders don't have many options but foreclosure.