It's back to school time. Kids are getting on the bus, going to class, and doing homework after school, and hopefully you'll find some time to handle your own homework.
If you've missed mortgage payments, there's no better time than now to try to repair your finances.
If you do your homework, you could ace foreclosure avoidance and keep your home. So sharpen your number two pencils, grab a fidget spinner if you must, and let's do some foreclosure avoidance homework.
Homework Assignment #1: Discover Your Options
In school and in the real world, success depends on good information. So your first homework assignment is to educate yourself on the options available to you.
When you stop paying your mortgage, you have to find a solution to or else you will eventually lose your home to foreclosure. There are a number of loss mitigation options that could help you avoid that, including: