4. Lie to the mortgage company about your payment. If you lie to your banker about anything related to your mortgage payments, you could face fines and/or jail time - and you really don't want that. Trust us!
3. Try to sell the property on your own. Another potentially huge mistake! If you are in a pre-foreclosure or foreclosure situation, and you want to try to sell the house to get out of debt, going For Sale By Owner is definitely not a good move. It takes much longer to sell this way and you will likely miss lots of vital information when drawing up the paperwork. Not to mention that you've probably got a small window of opportunity to get the property sold before the foreclosure actually takes place.
2. Get advice from family members, friends, or co-workers. Unless the person you are soliciting advice from is a banker or mortgage lender, this could cause you more problems in the long run. Family and friends always mean well but they are advising you from emotions, not facts. In order to get out of your mortgage situation, you need facts from a reputable company.
1. Just let the foreclosure happen. This is probably the most unwise solution of all. There are several options available to you, many which will allow you to keep your home - and your credit - in good standing.
Are you in a foreclosure or pre-foreclosure situation in Louisville or anywhere else? We want you to know that there are options available. You don't have to lose your home. Your credit score doesn't have to suffer. We're here to help, offering real solutions for people in real situations.
SidCo Property Solutions - www.sidcollc.com
Helping people get back on track - one family at a time!