If you're facing the possibility of foreclosure in or around Fort Worth, TX, please know that there are alternatives. First and foremost, I always suggest that you communicate with your lender. Ignoring their phone calls and contacts will only make matters worse. You won't "slip through the cracks" by avoiding them.
If your income has declined, you may be eligable for payment reductions. This is information your lender can provide to you. If that's not an option, your next best bet would be to attempt a short sale. This is a process where you work with the lender and try to get them to accept less than your mortgage payoff. In doing so, you avoid foreclosure, which can be extremely damaging to your credit. Doing a short sale still affects your credit scores, but my understanding that it does not as much.
I work with homeowners in Fort Worth, TX and the surrounding suburbs to help them avoid foreclosure. Please call or email me today so that we can discuss your situation and see what the options are.
Thanks!
Megan Phelps
RE/MAX Heritage
817-999-2211
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