It is hard to imagine an event more horrifying and symbolic than the loss of one’s home.
Leading up to the loss of one’s residence, there was probably a previous serious decline in income. The culmination of which may be a foreclosure.
I sincerely hope that none of us experience such an event.
I recently read an article that discusses steps you can take to avoid foreclosure.
- Speak with your lender as soon as possible – arrangements can be made to prevent the loss of your home.
- It usually takes about 150-400 days or so to actually lose your home once you stop making payments.
- It’s no fun to lose your home.
You can learn more about Stopping Foreclosures.
Here is a good story about how, with government help someone was able to stop a foreclosure and get some home improvements done at the same time.
To Recap, I hope none of us reaches the stage where we might lose our home.
Whenever thinking about this, I imagine terrible, heart-wrenching images of people losing their homes and how they must feel when that happens.
If you or someone you love is in that situation, investigate the resources above or other resources. Don’t give up, there may be a way to save your home.
There are plenty of ‘investors’ out there who are just waiting for a chance to get their hands on a lucrative foreclosure deal. Don’t let your home or property play into their hands.
There may be more options
If you want to share your experiences, you can do so below in the ‘leave a reply’ section or use our discussion forums.