They participate more in political and community activities, including voting. Their children tend to perform better academically and experience fewer behavioral problems. Who wouldn’t want these things? Whatever the underlying cause of your foreclosure, it feels terrible to you, and it’s natural to experience a range of difficult emotions. Mastering these emotions is a crucial first step in dealing with the problem. Remaining stuck in denial or unhappiness about the situation can prevent you from taking action at a time when prompt action is exactly what you need to explore and implement your alternatives. LOSING CONTROL It’s common and natural to feel that you’re losing control. After all, a bank or other lending institution — some faceless corporation — seems to be calling all the shots. They’re dictating what you can and cannot do, trying to force you to leave the dwelling where you want to stay, and they’re setting the timeline. The lender has many experts at their disposal: Lawyers to clarify their legal options and draft contracts. Lobbyists to influence legislation. Economists to figure out where the local and national real estate and investment markets are headed. Marketing experts to figure out how to influence your real estate buying habits. Accountants to tabulate everything. On the surface, these experts might seem to be aligned against you at foreclosure time, and that gives the impression that they hold all the cards. The truth is, there are laws to protect your interests, even in foreclosure. You have resources and options available to you, even if they’re not readily communicated to you.
6
Powered by FlippingBook