A loss of a job, medical expenses and other life-altering occurrences can happen to anyone, causing them to fall behind in their loan payments. If you neglect paying your credit cards it hurts your credit rating, but when you neglect your home loan payments the situation is even worse, because the lender will foreclose, taking ownership of the home.
If your property is worth less than the total amount you owe on your mortgage loan, a deficiency judgment could be pursued. If that happens, you not only lose your home, you also would owe the lender an additional amount.
Both foreclosures and deficiency judgments could seriously affect your ability to qualify for credit in the future. A Foreclosure stays with you for the rest of your life! Look at any standard mortgage application and it asks if your home was ever foreclosed on. So you should avoid foreclosure if possible.
You might be embarrassed to talk about your financial problems, but that approach doesn't solve anything. You must put your pride on hold if you're truly serious about stopping the foreclosure process. We have helped many homeowners avoid foreclosure. Whether you want to keep your home or sell it and start fresh, we are knowledgeable and experienced with real estate and can help steer you in the right direction.
Hurry! You have to act fast!! Don't wait until it is too late.
Phone: 281-772-1786 Fax: 713-457-5141 E-mail: buymyhouse@instanthomeremedy.com
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