Goodness, I would prefer to write about other subjects but one thing's for sure in this economy, there are many homeowners that are facing a crisis right now. But there are steps you can take to minimize the situation and arrive at a resolution with your bank. If you're truly serious about seeking help, here are some tips for you to follow:
1. CALL THE BANK! This is vital and it's been proven that many homewoners forego this very basic step in protecting their homes.
2. DON'T IGNORE YOUR SITUATION! Sure, it's probably easier to not open the mail but this won't change what you are facing.
3. IF YOU KNOW YOU'RE GOING TO BE LATE, notify your banker immediately. With all of the foreclousres that banks are facing, believe me when I say they would rather avoid the process if possible.
4. ASK YOUR LENDER--for options such as lower interest rates, rewriting the terms of the mortgage of working out a repayment agreement.
5. SEEK THE ASSISTANCE OF A REPUTABLE REALTOR---who is experienced in working with sellers in peril.
6. ASK THE BANK----for a short sale option. Many if not most banks will work out a short sale agreement with you if it will avoid the foreclosure process.
PLEASE CALL ME OR VISIT MY WEBSITE IF I CAN ASSIST YOU WITH THE SALE OF YOUR HILTON HEAD OR BLUFFTON HOME. I WELCOME YOUR INQUIRIES AND QUESTIONS ANYTIME.