I write today in my blog as a result of three phone calls I received over the last 4 days. Each of the three calls were from friends who received notices that there home has gone into foreclosure. Each of these people are good, honest, decent people who for different reasons are experiencing a hard time. Each case is different, but I gave each of them advise and recommendations based on their individual situation. To be honest, all three would have had more options had they contact me (or someone) much sooner. I tell you this because I know that there are MANY of you reading this post who are having a tough time and need help. Financial problems is like disease in many ways and like diseases have a much better “survival” rate if detected and treated early. Alternatives include; loan modifications, forbearance, short sale, deed in Lieu of foreclosure or selling your home. Solving real estate problems can be a complicated issue which requires you depend on your real estate and financial “power team”. This team needs to include; a trusted financial advisor, an attorney experienced in workouts/bankruptcy, a real estate consultant and a close friend. I am not an attorney or a financial guy, but I welcome all of you to seek me to be on their power team as a friend or real estate consultant. If you are ONE payment behind PLEASE reach out to someone you trust and get the information you need to create a smart game plan for you.
Early “Detection” is key to solving your mortgage problem
January 18, 2011 by Jack
Great advice Jack.