Foreclosures are never pretty. They destroy a homeowner’s credit. They ruin a neighborhood’s sense of closeness. When you or someone that you know is in financial trouble, you feel like you’re living in a nightmare. The purpose of this post is to assist homeowners in understanding the process in this unfortunate circumstance.
We encourage all homeowners to contact their lender as soon as you realize that you are not going to be able to make your payment on time. It is never too early to contact your lender to discuss your situation. If you delay too long, you may reduce the number of options that are available to you, so act immediately.
