Do you know someone that is facing foreclosure?  Or maybe someone you think is in financial trouble but too embraced to talk about it.  Be a friend and let them know that with a foreclosure, it's not time to drag your feet.  Time is of the essence!

There are three distinct periods they are facing. 

First, when they know there is a problem and they're doing everything they can to solve it.  But, they know that they're in trouble. This is when the fear and embarrassment starts.  It's hard to talk about.

Second, is when they get the notice of default letting them know that they have 30 days to bring the account current or sign a forbearance agreement to repay the amount owed.  Neither option is usually realistic for them.  There isn't enough money to make the regular payment.  They can't pay more each month and probably can't get a large lump of cash to bring the account current.  Now it becomes more real.  "We are losing our home".  They need a friend.

The third begins when they get home and there is a foreclosure notice stapled on their garage.  Their heart drops.  "What are we going to do"?  During this whole time they may not tell a soul about what they're going through.  Some simply drag their feet thinking it will somehow be OK. They now have 90 days to cure the debt, sign a forbearance agreement, get the home SOLD or walk away.  Curing and forbearance are simply out of the question in most cases.  So, Selling the home in a short sale if the answer.  We can help them but it takes 90 days or more.  So let's get on it.

To find out more about foreclosures and short sales go to www.BePicky.com .  Scroll down to the foreclosure box and click ...  To discuss your options email Tom Perry at ShortSale@Bepicky.com