Timothy E. Lockhart - YOU HAVE OPTIONS: YOUR GUIDE TO AVOIDING FORECLOSURE

energy. Do your research and write down your “Needs vs. Wants” list ahead of time. Preparation is key! Further, it’s important that you have realistic expectations when you begin your home search. For example, not every home you visit will be 100% “move-in ready” or look like a brand new or renovated home. Another trick to gain your advantage is to see the home’s potential. If you can do that, and the home meets the majority of your criteria, especially if it checks all your “must-have” boxes and most of your wants, then you might have just found your perfect home.

POINTS TO REMEMB O REMEMBER:

• If you’ve lost your home, either through foreclosure auction or a sale to prevent foreclosure, you will likely have immediate needs for a place to live and daily necessities. • A HUD-approved housing counselor can assist with your housing questions, and your state or local department of social services can help direct you to resources such as food stamps. • Consider whether you want to rent a new home or if you’re in a position to buy one. • Before beginning your search for a new home, visualize what you need and what you want. Your needs are non- negotiable requirements. Your wants are items you desire but on which you can compromise. • There is no single pathway to finding the “one” home for you. • Being clear on your needs and wants will save you time in your home search and assist you in finding a home that’s a better fit for you and your family.

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