How do one avoid home foreclosure? Help I am losing my home.?

Question

How do one avoid home foreclosure? Help I am losing my home.?

Answer 1

Your mortgage company does not want to foreclose on your home.  Call them and tell them your problem.  (Are you looking for a new job or health problem?)  They may be able to add your missed payments on to the back end of your note, or help you arrange a "short sale" or anyone of dozens of ideas.

They will be upset that you are not making your payments and may suggest some bad ideas (like making your payment using your credit card).  But do talk with them if you are wanting to avoid foreclosure.

Answer 2

paying your mortgage on time if you cant pay it then u need to talk to the bank and see what they can do to help u you dont want them to foreclose on u then it will ruin ur credit

Answer 3

A legitimate bank would never suggest that you make your payment using a credit card. If you do reach someone that suggests that, ask to speak with their manager and have them fired!!!! But in all seriousness, your best bet is to start with your current lender to see if they have any options for you. It will be tough going that route, depending on your lender, because based on underwriting guidelines, they might not be able to put you into a new loan option based on your credit scores. You might want to look into speaking with a reputable mortgage broker to see if they have a lender in your network of banks that could offer you a 40 year mortgage. Their is a product, that is conventional, which could get you into a 40 year mortgage. You would most likely have a much higher interest rate because of your credit, but it will help alleviate your payment temporarily, until you can get a grip on your financial situation.

Answer 4

Pay your mortgage.

Answer 5

There should be free mortgage clinics in the area you live for you to go to for counseling.  They might be able to help you negotiate with your lender.  Remember that lenders dont want you to foreclose because they take a big loss.

Answer 6

DO THIS NOW go to NACA.com this agency has billions and will help you all services are free, call your lender and tell them you want to modify your loan this will lower your payment so you will have money to pay your other bills and save your good name and credit, if you make a payment every 89 days this will force a foreclosure to start over, research transfer deed, short sale. You have options and time is on your side, FHA has a new loan to assist you with in your situation. What ever decision you make good luck

Answer 7

Pay your mortgage. Renegotiate with your lender into a new loan that is affordable for you.

Do not abandon or leave your pets behind. Make arrangements for them or take them with you. It is illegal and CRUEL to abandon them.

Call your lender and see what can be done. Call other lenders. It's time to start working and calling around. Don't give up. Contact your state government's offices for help too.