Author Bio: Jenny Durling is a licensed CA real estate broker specializing in the Hollywood Hills, Los Feliz, Silver Lake, Echo Park, Eagle rock and east to Sierra Madre. Jenny Durling consults with buyers and seller on the purchase or sale of Los Angeles area real estate.
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There is a tendency for people in financial straits to ignore their problem until it is too late. Don’t sit back and do nothing when there are options out there that will do much less damage to your credit and might even allow you to keep your home. If you simply let the bank take your home without trying a workout alternative, you may not be eligible for a new Fannie Mae-backed mortgage for seven years from the date of foreclosure.
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