Type in stop foreclosure on any search box on the web and you no doubt will query a string of articles that highlight ways you can negotiate with you lenders, restructure you loans, and usually get things worked out. In a perfect world this would always work, in fact in a perfect world you wouldn’t have to worry about foreclosure at all.
But as we snap back to reality, those of you who have tried the tips and techniques discussed earlier may have realized that the world is anything but perfect. In my first article I discussed many ways to talk to your lenders, what to ask for and who to talk too. But where do you go after you run into a dead end with you lending institution? Well my friend, it’s time to move to Phase 2. If you read my first article you should already be organized as discussed in “avoiding foreclosure phase
1.” You should have also already have started putting aside twenty dollars a week for your “just in case” fund; but if you haven’t start today!
A report by realtytrac.com stated that in 2005 approx. 846,982 properties when into some form of foreclosure. So Im pretty sure your house...
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