Tips on Stopping a Foreclosure - How to Stop Yours Today!
The recession is upon us.
If you are like millions of other people, you may be facing a financial hardship.
Perhaps you are behind on your credit cards.
You may be having trouble putting food on the table or even making your mortgage payment.
If you are facing a foreclosure, here are a few ways to stop your foreclosure from happening.
One of the first things you should do contact the lender.
I know that things are hard, but if you really want to make this work, you can get help today.
The Obama administration is providing special programs for people that are struggling to pay their mortgage and offering refinance and deferment options that have not been seen before.
It is time to be honest.
Tell them that you are unemployed or that your job has cut you to part time.
Whatever the cause of financial duress, you need to act now to save your home.
This is where you and perhaps your family live.
It is time to take action.
Take these steps and you will be on the road to financial recovery.
The Obama's MHA Loan Modification and Refinance Plan is a key to your success.
You need to do a few things to qualify for it, but most people do that are in your situation.
Consider your situation and write down what has happened to you in what is called a hardship letter.
This will help move you toward qualifying for the loan modification.
Also consider co-signing to give you that extra edge.
Next, convey in the letter that things are going to get better and show financial proof of previous and potential earnings.
Calculate your expenses at a minimum.
If you exceed 30% on the debt to loan ratio, you may not qualify, so crunch your numbers on an income and expense declaration.
Make that call today to the lender or contact a representative of the Obama Loan Modification program to begin the procedure to stop the foreclosure process today.
If you are like millions of other people, you may be facing a financial hardship.
Perhaps you are behind on your credit cards.
You may be having trouble putting food on the table or even making your mortgage payment.
If you are facing a foreclosure, here are a few ways to stop your foreclosure from happening.
One of the first things you should do contact the lender.
I know that things are hard, but if you really want to make this work, you can get help today.
The Obama administration is providing special programs for people that are struggling to pay their mortgage and offering refinance and deferment options that have not been seen before.
It is time to be honest.
Tell them that you are unemployed or that your job has cut you to part time.
Whatever the cause of financial duress, you need to act now to save your home.
This is where you and perhaps your family live.
It is time to take action.
Take these steps and you will be on the road to financial recovery.
The Obama's MHA Loan Modification and Refinance Plan is a key to your success.
You need to do a few things to qualify for it, but most people do that are in your situation.
Consider your situation and write down what has happened to you in what is called a hardship letter.
This will help move you toward qualifying for the loan modification.
Also consider co-signing to give you that extra edge.
Next, convey in the letter that things are going to get better and show financial proof of previous and potential earnings.
Calculate your expenses at a minimum.
If you exceed 30% on the debt to loan ratio, you may not qualify, so crunch your numbers on an income and expense declaration.
Make that call today to the lender or contact a representative of the Obama Loan Modification program to begin the procedure to stop the foreclosure process today.
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