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7000 Peters Creek Rd., Roanoke, Virginia
1-866-260-5994 |
CCCS of Southwest Virginia |
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Home Foreclosure |
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Getting behind on your mortgage can happen to anyone. Luckily, there are options available to help you avoid foreclosure and keep your home. Here are 5 basic "do's" and "don'ts" for avoiding a foreclosure:
Don’t panic. This may sound unrealistic, but getting worked up over the situation will not make the problem go away. Your lender would rather you pay the note than have foreclose on your property and sell to another party.
Don’t handover the keys. This is a last resort, not a first option.
Do communicate with your lender. Sending written correspondence may sound time consuming, but it’s always better to be safe than sorry. It will not only establish a paper trail should you need it, but it will also establish clear expectations regarding payment arrangements or foreclosure proceedings.
Do negotiate. Before discussing other alternatives, see if you can workout an arrangement to pay the past due amount as well as the future payments. Also check into special programs that may be available to you by state or federal government programs. Ask your lender for details.
Do contact a credit counselor. If you cannot make your mortgage payments your probably behind on your other obligations as well. A credit counselor will help develop arrangements with your other creditors and assist you with creating a budget you can live with.
There is a way out, just pick up the phone. Contact us today for your free counseling session. Counselors are available 24 hours a day, 7 days a week to help you realize your dream of becoming debt free. Move one step closer to financial freedom.
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CCCS, A Division of Money Management International
Regional Headquarters - 7000 Peters Creek Rd., Roanoke, Virginia
Corporate Address - 9009 West Loop South, Seventh Floor, Houston, TX 77096 |
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