loan refinancing: Why Distressed Homeowner's Facing Foreclosure Need Help - 10/12/09 03:27 AM
So why do distressed homeowner's facing foreclosure need help?  Of course, the obvious answer is to avoid the financial wrecking ball of foreclosure.
But what are the unforeseen consequences of foreclosure? Divorce comes to mind.  Depression?  Self-medicating with alcohol and drugs is a possibility.  Confused and insecure children?
And all of those problems are out of our control.   
So what can we do when we approach distressed homeowners?  For starters, don't be judgemental.  Helping out is not about the "why", it's about "what" we're going to do for the homeowner to avoid foreclosure.
Next, reassure them...outline alternatives like refinancing or loan modification.  Discuss … (0 comments)

 

Jimmy Stewart

San Antonio, TX

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Mobile: (210) 601-6805

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The primary focus of my blog, "Avoid Texas Foreclosure" is to inform distressed homeowners of their options when: (1) their mortgage is currently in default; or, (2) they expect their mortgage to go into default. In addition, I plan to offer usable information to my fellow agents as they represent buyers and sellers in distressed property transactions.


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