Banks and lenders don’t want you to know that you can stop foreclosure for free in any state if you know how. The digital information age has made it easier for anyone to research the foreclosure process. A lender or bank does not want to help educate someone that is behind on mortgage payments. The mortgage is their only form of collateral. Lenders aggressively pursue foreclosure in an effort to take back a property. What do you do if you are facing foreclosure and can’t hire an attorney? We are asked that question more often than we’d care to admit. You can do a lot of things that don’t cost you any money including our free consultation.
Stop Foreclosure for Free in Any State
One of the first processes that you can pursue to put an end to foreclosure is a modification of your mortgage. You have a right as a consumer to negotiate with any person that you owe debts to. Calling up a lender or banker that is sending you foreclosure notices or pending sale notifications is a good first step. It may surprise you when you find that they are willing to work with you. The length of time that you are behind on payments always determines how willing a mortgage company or lender will be.
A second option you can try is to go for what is known as a deed in lieu of foreclosure. If you are seriously underwater with your mortgage, it is likely you will not be able to keep your home. A simple letter asking a bank or lender to enact a deed in lieu of foreclosure action could stop the foreclosure process. In short this document gives back the deed and allows you to walk away. This route can come with personal credit issues though. It is not an end all beat all solution.
A third option that you can pursue is a short sale. A short sale costs you nothing. A simple offer is put in writing to your mortgage company requesting a short sale be granted. The offer that is put into the letter will usually be reviewed by an expert. The opinion of this expert is what can determine if you will be approved. Homeowners that have extremely negative credit ratios and that are many months behind might be a prime candidate for short sales. Every action that is made in your foreclosure process involves tough choices that you must make as a homeowner.
“Stop Foreclosure for Free in Any State”
Avoid Foreclosure specialists consult with homeowners every hour of the day from our toll free number at 1-800-589-4106. There are thousands of homeowners going through foreclosure and trying to battle it right now. We provide information on our website and through phone consultations that can help you. You don’t have to run anymore. You don’t have to avoid a bank or lending company. We’re here to help you find the light at the end of the tunnel to stop foreclosure for free in any state.