| |
PREVENTING
AND STOPPING FORECLOSURE IN PORTLAND AND THE SURROUNDING PORTLAND
OREGON AREA.
Here are some tips on how you can help
stop foreclosure on your property.
- Keep communications open with your lender.
Read their letters and answer their calls, even if you are depressed
or frightened about your situation.
- Don’t take on more debt. Don’t
even think about making other major purchases until you are making
regular payments on your mortgage.
- Hoard every penny. Save even if the mortgage
company refuses to accept your payments. Savings can be very important
if they eventually relent and allow you to negotiate a payment
plan or have to prove that your finances have stabilized.
- Don’t pay your credit cards until
you can pay your mortgage. Keeping your home is more important
than keeping your credit rating intact, and a foreclosure looks
worse than late card payments on a credit report.
- Investigate all the options before foreclosure.
Check out the pros and cons of selling your home, refinancing,
bankruptcy and negotiating with your lender.
- Examine your finances. Look carefully at
how and where you spend, and
carefully track all your expenses during the foreclosure crisis.
- Consider radical solutions. Sell your car
or return it to the dealer. Take in a roommate. Get another job.
Hold a garage sale and get rid of everything of value. Charge
adult children rent.
- Swallow your pride. Explain the situation
to friends and relatives. One of them may loan you money to bring
your mortgage current.
- Learn from experience. When your crisis
is over, start a savings plan so that you will have an emergency
fund if hard times hit again. Continue to watch your spending
and minimize your borrowing.
Foreclosure rates are increasing every year as you can see from
the charts below. Follow the steps above to help stop foreclosure.
If you need help stopping your foreclosure give Metro Home Solutions
a call today at 503-697-9999 or 360-696-3111. We're here to help.
Source - Oregonian November 17, 2002
Let Metro Home Solutions
Help You Today!
Call 503-697-9999 or 360-696-3111
email Service@MetroHS.com
We can help, but don't take our word for it. Read
what many of our
Satisfied Customers have to say about us.
Click here for Testimonials
|
 |
