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What brought you to our website? If your financial problems are keeping you
up nights worrying, stop worrying and take action. It'll help bring you some
peace of mind. Here's what you can do to start dealing with your foreclosure
now.
- Accept that your financial problems are a big
deal, and that you need big professional help. Don’t try to scrimp and save on the cost of qualified legal or
financial advice. Free advice from your realtor, your Mom, your neighbor, or
your boss can end up being very expensive if you run afoul of the law or if
their strategy doesn’t work. If you have a family attorney who merely
dabbles in foreclosure issues, he likely lacks the expertise to advise you
about all your options.
- Hire an attorney with specific experience in handling foreclosure issues,
an attorney who will take the time to understand your unique circumstances.
- Every lender and, indeed, every mortgage loan is different, and your financial
problems, your family issues, and your ability and willingness to tolerate
risk and stress make your situation unique. An attorney experienced in
solving financial problems can provide you with proper guidance so that
you can stop worrying.
- Start by organizing your financial records. You will need to bring paperwork
to any meeting to discuss foreclosure.
Being prepared can go a long way toward
some peace of mind. You'll need:
- Your ID, such as a drivers license and your Social Security card.
- Tax returns from the past year or two.
- Income records from the last 6 months, such as pay stubs,
or if you're self-employed, a profit and loss, broken down by month.
- Payment coupons for mortgages or other document to show
your ongoing monthly mortgage payment, monthly escrow or impound contribution
for taxes and property insurance (if paid through mortgage), and the approximate
principal balance on home loan.
- Escrow or mortgage settlement, or closing statement provided
to you upon purchasing or refinancing your home, if available.
- Notice of Default and other correspondence from your
mortgage company.
- Lawsuits/judgment/garnishment/foreclosure paperwork.
- A List of your necessary living expenses.
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