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How to Avoid Foreclosure?

Posted by donaldfred (My Page) on
Wed, Nov 18, 09 at 7:03

can some one tell me how to avoid foreclosure


Follow-Up Postings:

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RE: How to Avoid Foreclosure?

To avoid foreclosure, pay your mortgage on time each month.

If you can't do that, you can either work with the lender to change the terms of your loan OR sell the house. Both of those could have lots of complications, so instead of just guessing, how about you tell us more about your situation.


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RE: How to Avoid Foreclosure?

Yeah, what billl said.... otherwise, perhaps we could guess about how to reverse gravity too?


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RE: How to Avoid Foreclosure?

Do you homework BEFORE you buy. Know what you can realistically afford taking into account that there will be some major setbacks like maybe needing a new roof or septic system so whatever price range you are looking in you should have reserve cash for unexpected surprises.
Just cause the bank employee tells you are good for X amount reality is the only person who really knows how much you can afford is you. You know your spending patterns as well as your savings patterns and if money is going out faster than it's coming in and you are always behind on bills or just barely making it from paycheck to paycheck and not able to save you aren't ready for home ownership no matter what that bank employee is telling you.
Once you get a home and you fall behind enough that the bank starts talking foreclosure you are already too late to avoid it.


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RE: How to Avoid Foreclosure?

The options that will help you prevent foreclosure are

1. filing for bankruptcy.
2. loan modification.
3. deed-in-lieu.
4. short sale.

Here is a link that might be useful: Housing Assist Of America


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RE: How to Avoid Foreclosure?

"The options that will help you prevent foreclosure are

1. filing for bankruptcy."

Generally only slows the process (briefly) unless you immediately affirm the debt.


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RE: How to Avoid Foreclosure?

I thought you were asking how to avoid foreclosure --
Now it seems you are telling --

Or is it SELLING?


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RE: How to Avoid Foreclosure?

Its a spamming *F*A*I*L*


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RE: How to Avoid Foreclosure?

It's a double fail since this goofball can't even spell the name of his website properly to make his link work.


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RE: How to Avoid Foreclosure?

Couldn't he have just registered under a new name and pretend he has the answers for his "new" friend. This is just a little too obvious.


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RE: How to Avoid Foreclosure?

IDIOT!!!


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