"If you are having trouble paying your mortgage for any reason,or expect problems, you should work with your loan servicer (the company that collects payments on your mortgage) or other experts to find a solution now. If you fall behind and don’t take action, the lender will foreclose on your home. If that happens, you may lose your home and all of the money you have already invested in it. The sooner you act, the better the chances you will avoid foreclosure.
The Center for Responsible Lending estimates that over 2 million American households with subprime mortgages have lost or will lose their homes by the end of 2009. Their neighbors will suffer financial losses, too, as these foreclosures cause nearby property values to drop by $356 billion."
Email Vanessa for a free electronic (PDF) copy of the NAR handout: ARE YOU HAVING PROBLEMS PAYING YOUR MORTGAGE? Learn How to Avoid Foreclosure and Keep Your Home.
Vanessa Odom Machen has been successfully listing and selling real estate in Fort Worth and surrounding counties since 1995. She is happy to assist you in selling or purchasing your next home, or getting started in your real estate investments. Give her a call at 800-433-4003 or 817-714-8634.
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