This blog is for consumers.  If you want to know your options to avoid foreclosure you should give us a call.  www.fowleradvantage.com.  We have the steps to take to prevent the terrible consquences of foreclosure.  The homeowner loses the most.  Did you know:  Foreclosure is reported to credit agencies, late payments are reported to credit agencies, foreclosure remains on your credit report for 7 years, it is viewed negatively by credit lenders, empoyers and insurance companies.  It can limit your ability to get credit cards, mortgage loans, consumer loans and other forms of credit.  It may not relieve you from responsibility.  The mortgage insurer could bring a suit against you and there could be a court order to pay the balance, attorney fees, and interest on judgment amount.  The reportable income or loss to the IRS via 1099-A.  Turn this situation into a win-win with a short sale.  A short sale reduces time and work, it allows the mortgage insurer to minimize claim payment and the mortgage investor saves time, work and money as well.  The mortgage company does not want your house back, in most cases they will work with you to keep your property.  We know the right questions and the right people to contact.  If you are in trouble, don't delay, contact us today!