While the housing market is rebounding, many people in Georgia are still struggling to make their mortgage payments. Many will blame these problems on the local housing market.
Many people Warner Robins area are still having trouble making ends meet even now after the economy has gotten better. The fact is, finances are a personal matter. It has nothing to do with the local economy.
Thankfully, there are a number of things that you can do to avoid foreclosure in Warner Robins. It’s important to remember that moving quickly is absolutely paramount, and could save your credit rating and your home.
So lets dive in on a couple quick tips on possibly how to avoid foreclosure in Warner Robinswith your home.
The Keys of How To Avoid Foreclosure in Warner Robins-Don’t Abandon Ship
Many people simply give up and walk away from their home. They think it is easier than fighting to save their credit. They are right, it is….. til they find out how hard it is to start over with a FORECLOSURE on their record.
Detroit is a prime example of what can happen when people abandon their homes. There are areas of Macon Georgia that are still full of empty houses.
This can be stressful situation, but it’s extremely important to keep your wits about you. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against your for the unpaid portion.
While it’s extremely stressful, you do have options:
• Negotiate with your mortgage lender.
Banks and other financial institutions are well aware that citizens of Warner Robins are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Banks don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance, or even a full loan modification. Click on our Mortgage calculator to see if changing your numbers will help.
• Ask for help from Uncle Sam.
Over the last few years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments refinance an adjustable rate mortgage into a low-interest, fixed rate loan. Both of these programs are subject to eligibility requirements.
We understand a foreclosure is a quiet battle. No one wants to talk about it because. Your not alone. You think it’s a kick to your pride. You think you did something wrong because you can’t afford the house anymore.
Citizens all over Warner Robins are going through the same troubles. Foreclosure can have a lasting effect on your financial life, and it’s important to move quickly and take advantage of any options available. Most of these people will loss their house and their credit because they are embarrassed to ask for HELP! Are you? You COULD save both your credit rating and get a more affordable house faster if you are smart enough to get help now and let us help fix the problem.
We may be able to help you avoid foreclosure… connect with us today and lets discuss your situation. We don’t charge any fees… we’ll evaluate your situation… and present you your options so you can move forward and get this foreclosure behind you.