From The Desk Of Laura Wheeler

Five Reasons to Avoid Foreclosure

1. The homeowner will always have to disclose they have had a foreclosure on any mortgage application.

2. Credit scores will be lowered by 300+ points affecting the ability to get a car, apartment, credit cards, etc.

3. A foreclosure is the one credit report item that is almost impossible to be “repaired”.

4. Military and government security clearance could be at risk with foreclosure.

5. Many employers run credit checks on prospective employees and foreclosure is one of the top items that will put a potential new hire in jeopardy.

Don’t let foreclosure happen to you. Be proactive in your own situation and be in contact with your lender. There are now programs in place to help homeowners who are in jeopardy of falling behind on their payments, but you must contact them first. Being prepared and in contact could mean the difference between keeping or losing your home.

Let us help. We have extensive experience in this area. If you are unsure of what options are available to you, call us now and let us get a plan of action in place.