Don't Wait Until It Is Too Late
I spoke with 4 homeowners who decided to “hold out” a bit longer because they didn’t believe they were really about to lose their home. Each thought they could make up the late payments. One was hopeful of getting a new job. Another thought he could squeeze by for a few more months thinking somehow, something would change. When following up, I found that all four were foreclosed upon and lost their homes without taking any action. Financial problems can rapidly spiral out of control.
Over the past few years, I have listed and sold more than 500 bank foreclosures. In almost all cases, I found that the homeowners did not even try to sell their homes. I have heard that 7 out of 10 facing foreclosure take no action and my experience supports that.
Depending on your situation, you may qualify for a loan modification so that you can stay in your home. Another option is a short sale which allows you to sell your home for less than you owe and avoid the humiliation and financial devastation of a foreclosure.
If you are in a difficult financial situation, please take the first step toward avoiding foreclosure by calling to discuss your options. Don’t wait until it is too late – take action now! Call me at 817-226-3000.
-Teresa