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What To Do When You Can’t Pay Your Mortgage

FORECLOSURE: WHAT TO DO WHEN YOU CAN’T PAY YOUR MORTGAGE Before Foreclosure It is important to be proactive when faced with financial hardship. A little advanced planning often can avoid a more difficult situation later. The options available for avoiding foreclosure are more likely to be successful the earlier you decide on a course of action and put it into place. Some recommendations include: 1. applying for a loan modification 2. Putting your house on the market. 3. talking to your lender about a deed in lieu of foreclosure 4. requesting pre-suit mediation. A. Loan Modification When you apply for a loan modification can...

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