Posted on: 29th Dec, 2011 10:31 am
1. Don’t ignore the problem
Remember, the sooner you act on the problem, the more options you’ll have and no matter how stressful and frustrating it may be, answer phone calls and always keep in contact with your lender.
2. Prioritize
By prioritizing your bills from most to least important, you can easily see how to better budget your money. Decide which bills are most important, and make sure those get paid first. The most common way of ranking your bills is like this, although yours may be different:
- Mortgage payment
- Utilities
- Groceries
- Secured debts like an auto loan
- Gas for the car
- Insurance premiums
3. Avoid foreclosure prevention companies
This is more likely to do more damage than repair. You don't need to pay fees for foreclosure prevention help; use that money to pay the mortgage instead!
More information and useful tips coming soon!
Please feel free to add to this!
[Link deleted as per forum rules. Thanks.]
Remember, the sooner you act on the problem, the more options you’ll have and no matter how stressful and frustrating it may be, answer phone calls and always keep in contact with your lender.
2. Prioritize
By prioritizing your bills from most to least important, you can easily see how to better budget your money. Decide which bills are most important, and make sure those get paid first. The most common way of ranking your bills is like this, although yours may be different:
- Mortgage payment
- Utilities
- Groceries
- Secured debts like an auto loan
- Gas for the car
- Insurance premiums
3. Avoid foreclosure prevention companies
This is more likely to do more damage than repair. You don't need to pay fees for foreclosure prevention help; use that money to pay the mortgage instead!
More information and useful tips coming soon!
Please feel free to add to this!
[Link deleted as per forum rules. Thanks.]
Hi Pete!
Welcome to forums!
Thank you for sharing this!! Apart from what you've mentioned here, there are 17 ways to avoid foreclosure: http://www.mortgagefit.com/foreclosure/17ways-avoid.html .
Sussane
Welcome to forums!
Thank you for sharing this!! Apart from what you've mentioned here, there are 17 ways to avoid foreclosure: http://www.mortgagefit.com/foreclosure/17ways-avoid.html .
Sussane