Foreclosures Book

Those are attractive odds. Different states have different foreclosure rules. Find out what your rights are and, most importantly, how long you can stay in your home once the foreclosure process commences. AVOIDANCE COUNSELORS A call to a foreclosure avoidance counselor is going to be one of the most important phone calls you will make during the process of foreclosure. Calling a foreclosure avoidance counselor, one who is fully approved by U.S. Department of Housing and Urban Development (HUD), will help you to figure out your situation. These counselors will explain the laws of foreclosure in your state, will typically work free of charge, will help you organize your financial documents, will help you discuss alternatives for foreclosure, and might represent you when it comes to negotiations with your lender. Once you begin working with one of these counselors, you need to let your lender know — right away. This will help your case when it comes to demonstrating your resolve. This may help you to avoid losing your home, as those who receive help with a counselor can even reduce the payments for their property tax or mortgage, when compared to someone who doesn’t use such help. AWORD OF CAUTION Be sure to check whether the foreclosure avoidance counselor is approved by HUD, because unsolicited offers for help are common when it comes to foreclosure rescue scams. Be careful whom you choose to handle your foreclosure strategy, because there are lots of scammers out there looking to profit from your