Today the media, printed and electronic are filled with sad accounts about the number of foreclosures. As you read this, if you are close to loosing your home.  Please keep reading.  If your goal is to stay in your home, stop reading and make a call to your mortgage holder. Let them know that you want to stay in your home and you request an appointment to sit down face to face and work out a solution so you CAN stay in your home.  If you have already made this effort and have been put off.  Keep calling until you can get an appointment.    With mortgage rates as low as they are, even when your home may not be worth what it was last year—–your relationship with your lender is the best place to start.

There are companies advertising that they can help you deal with your lender, just let me say this, YOU and YOUR sincere efforts to do a work out with your lender is your best chance to keep your home.

You should not have to pay a third party to talk to your lender.  You have the relationship with your lender and you have the right to contact them and negotiate a positive outcome for you and your family home.  Document your calls and follow up with a letter after you have had a conversation with your lender. Respectfully ask for names of those with whom you speak.  Request their direct phone numbers and extensions.  Keep in mind that many lenders have merged or have been acquired.  That just means more phone calls—and more time—more time that might save your home.

It may seem easier when you are so overwhelmed to just let the foreclosure go on.  And in some cases that may be all that can be done.  Just think through the process.

Moving out of your home involves a sizable expense, first and last months rent, utility hook ups, possible change of schools for your children, are just a few on the long list to relocate your family.

……Just know that nothing ventured nothing gained.  Imagine the satisfaction you will feel if you can work with your lender and accomplish a solution that is win win.

Would like to hear from anyone who has gone through this process.  Sharing your experience can help others, we all need to do more of that.  Helping others.  May God Bless you and your families.