I have been in foreclosure properties that look like a crime scene.  It's quite apparent that the Homeowner was disgruntled and decided to destroy the home.  I have seen the built-in appliances torn from the wall.  I have seen doors removed.  I have seen the meters removed.  I have seen the water heater removed.  anything not attached was removed....

It is not the Lenders fault that the home has gone into a foreclosure.  The Lender is not in business to own homes.  Additionally, it is not the Lenders fault because you might be in a wrong loan program for your needs.  Your loan program is determined by you and your Loan Officer / Loan Originator.  The foreclosure process is expensive and could range from $30,000 - $40,000.  Freddie Mac claims that the foreclosure process costs $60,000.

Homeowners know when they have financial problems.  The minute this becomes an issue it is important to create a plan to financially manage all creditors and understand that monthly payments are weighted differently.  

                                   Don't wait until your home falls into a foreclosure status to do something !!!

Here in Texas, the Homeowner needs to understand what the Homestead Rights means and how it applies to them. If a Homeowner understood how the Homestead Rights worked they would understand how their  monthly payments should be allocated to their creditors with respect to how they are weighted....Meaning, the Homeowner needs to contact all their creditors to adjust their monthly payments to allow the Homeowner to pay the mortgage first.  The mortgage needs to be paid first.

Texas Homestead Rights can easily be found on the  web.... The following is one resource...                                                                              

                                     http://www.tsha.utexas.edu/handbook/online/articles/HH/mlh2.html

There are several resources on Homestead Rights and how it works.... However, it can be difficult to understand...  There are Credit Counseling Services in almost all communities....Take the time and set up an appointment a Credit Counselor.... A Credit Counselor can help you create a plan to manage you all your creditors.

The Homeowner needs to call their Lender to let them know that they are currently having financial problems.  Ask your Lender what your alternatives are..... Do not call a Loan Originator.  The Loan Originator might be able to help or the Loan Originator will try and sell you another loan... Go to your Lender.     There is a difference between the two.

There is a lot of information on the web to help homeowners to understand the foreclosure process and how to take steps to stop foreclosure.....  http://www.all-foreclosure.com/  is a great resource.

Homeowners do not wait until your home falls into a foreclosure status to do something about your situation.  Take the responsibility and call a Credit Counselor if you do not know what to do.

Credit Counseling Services .... https://www.cccsstl.org/enroll/enroll.asp