Foreclosure Tips

Five points to help you out of foreclosure:

• Talk to your lender.
• Contact the Approved Housing Counselors
• Only pay for services you receive and sign a contract
• Do not transfer your home to a Debt Relief Company
• Only Pay your Mortgage Payments to Lender

Lenders need to know how you are doing in making your mortgage payments. This reassures them that even if you are not able to make all your payments on time, at least you are aware of the problem are trying to solve it. Many debt relief companies can help you in your journey to get out of foreclosure. Just be wary of scams, like most debt relief companies who may try to scam you out of your money. Some of these companies offer to “take over” your mortgage payments if you pay them instead of your lender. This is a bad idea as many cases have been reported of these companies simply pocketing your payments instead of helping you at all.

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