There are several alternatives to foreclosure which have less impact on your credit. The type of mortgage loan you have and what your mortgage company will allow determine what alternatives may be available. How do you learn which alternatives are available to you?

1. Contact your mortgage company to discuss the alternatives available to you. A housing counseling agency can also help you determine which, if any, of these options may meet your needs. They may assist you in interacting with your lender.

2. Talk to a real estate attorney that deals with foreclosures. If you are uncomfortable speaking with your mortgage company or don't understand the terminology, hire someone to represent your interests. Paying a small fee now may save you thousands of dollars later and may save your credit.

 
Posted by Laura Moore Godek on 08/29/2008 03:52 PM   Comments (0)  
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Laura Moore Godek (Laura Moore Godek, PC)

Laura Moore Godek

McHenry, IL

More about me…

Laura Moore Godek, PC

Address: 913 N Curran Road, McHenry, IL, 60050

Office Phone: (815) 344-1965

Cell Phone: 815

Email Me

I have more than 20 years of residential real estate experience represnting sellers, purchasers and creative investors. My affiliation with several title companies and in house closers assure clients and realtors closing times when needed. I am often available after hours and on weekends. I offer fixed closing fees as well as hourly rates. My office can also accomodate spanish speaking clients. If you have any questions please contact us. We'd be happy to help.


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