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How can avoid foreclosure

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isabelg Joined: 16 Dec 2009 Posts: 1 1.28 Dollars($)	Posted: Wed Dec 16, 2009 9:09 pm    Post subject: How can avoid foreclosure Like 0 Dislike 0 Hi Cliff my family is facing foreclosure we have our loan through wells fargo and what i am seeing is the same pattern they say they want to help but dont. They keep asking for the same financial worksheet that i have faxed out a million times. My loan happens to be fha is there anything i can do to avoid loseing my home?
jenkin7 Joined: 04 Jun 2007 Posts: 4537 Location: Hawaii 728.43 Dollars($)	Posted: Wed Dec 16, 2009 10:29 pm    Post subject: Like 0 Dislike 0 Hi isabelg, Have you talked with your lender regarding the loss mitigation options? Talk with the loss mitigation department of the mortgage company and check out if you qualify for a loan modification. If you do, it can help reduce your monthly payments. If the payments are affordable, you can continue staying in the home by making the payments on time.

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