Foreclosures in Lansing, Michigan:

Tips for home owners who might be falling behind on their Mortgage payments.

1.) Make sure you don't avoid your Mortgage company. Call them as soon as you become late on your payments. Communication is the key here. If the Mortgage company feels that your avoiding them they are less willing to work with you to come up with a solution to the short fall.

2) If your a couple of months behind call to see if the Mortgage company can put the past due amount on the back-end of your loan and work out a payment plan to get you back on your feet.

3.) Mortgage companies are starting to allow your Mortgage to go into Forbearance for up to 6 months. Which would allow you six months without a payment to stop the foreclosure process.

4.) If your behind on your payments, and can't get anywhere with your Mortgage company call a professional Realtor who has experience in what is called "Short Sales". A short sale is when you can negotiate with your Mortgage company for a lower payoff on you loaned amount. There are pro's and Con's to everything, and I highly recommend that you consult a professional for this process. You can actively market your home and be pretty aggressive with the price of the home to get it sold to avoid foreclosure.

There are more tips and techniques that can be attempted to avoid foreclosure, but the key is as soon as you start to fall behind contact you Mortgage company and an experienced Realtor who can assist you through those difficult times.