HELP! I CANT MAKE MY HOUSE PAYMENTS !!!

By
Real Estate Broker/Owner with Lazarus Realty

worryFacing Foreclosure? Received a Notice of Default?                                                     Fresno California

First of all - BEWARE OF FORECLOSURE SCAMS.

If you're behind on your house payments and at wits end as to what to do, here is what I suggest:

#1) Find a HUD approved counselor  in your area or contact and orginization like Neighborhood Works.

It's very important during such as stressful event that you have competent counsel and let's face it - a little hand holding through tough times doesn't hurt. There are are many Realtors© who can empathize with your situation (we have heard more than our fair share of sad stories such as yours).

NEVERTHELESS, I still suggest that you contact one of these agencies for assistance FIRST.

Here's why: your Realtor isnt going to make any money unless he engages in some sort of transaction on your property. A Realtor© may advise you to do a "Short Sale" on your property when your best alternative may be a loan modification with your lender. That is why I suggest you contact one of the agencies above first.

#2 Contact your lender....and maintain communication with your lender.  When you contact them you need to provide the following: .

  • Loan number
  • Income information and documentation
  • Most recent mortgage statement
  • Bank statements
  • Letter demonstrating financial hardship

Some homeowners wait too long and are totally unprepared to vacate the home that was once theirs even though they knew it was coming eventually. WATCH THIS VIDEO AND SEE WHAT I MEAN.

If you and your lender are not able to work out a loan modification they your lender may suggest a "SHORT SALE" of your home at which time you would need to contact a Realtor©.

 

Lazarus Realty
Lazarus

Direct:
Fax:

559.301.1647
559.438.7475

1319 W Bullard #4 -- Fresno CA -- 93711

© Randy "Lazarus" McAtee

close

This entry hasn't been re-blogged:

Re-Blogged By Re-Blogged At
Topic:
ActiveRain Community
Location:
California Fresno County
Tags:
fresno real estate
foreclosures
reos
default
sales
homes
hud
counseling
scams
lazarus

Spam prevention
Show All Comments
Anonymous
Isaac Bensussen- Best Homes in la Jolla

Randy:

Such great blogs we miss. The video is a jewel. Thank you for sharing it.

 

Nov 27, 2008 01:46 PM #1
Anonymous
Deborah

I recently came across your blog and have been reading along. I thought I would leave my first comment. I don't know what to say except that I have enjoyed reading. Nice blog. I will keep visiting this blog very often.


Deborah

http://termlifeinsurance2.com

Dec 16, 2008 03:03 PM #2
Show All Comments

What's the reason you're reporting this blog entry?

Are you sure you want to report this blog entry as spam?

Rainmaker
79,032

Randy "Lazarus" McAtee

Owner/Broker, Lazarus Realty, Fresno California
Ask me a question
*
*
*
*

Additional Information