Linda Moore provides mortgage closure information in her continuing posts of real estate tips from her Coldwell Banker Encinitas blog.
Real Estate Tips – Mortgage Forclosure Information
Continuing with my series of blog posts dealing with real estate tips I would like to discuss the topic of mortgage foreclosures. Though difficult times persist people are subject to being taken advantage of by mortgage scam artists seeking financial gain at the expense of the homeowner.
- Do speak with your lender. Try to work with your lender to restructure the payments or refinance the loan. As I have mentioned in my previous short sale blog most lenders are willing to assist as long as you are relatively current and can provide documentation to justify a hardship.
- Do seek out an attorney. There are a number of resources you can use to find one including the National Association of Consumer Advocates.
- Do not sign a quit claim deed without being specifically instructed by your attorney or representative to do so.
- Do consider working with a counseling agency. This process of foreclosure can be quite overwhelming for a person take on by themselves. Make sure that the counselor and agency has been certified by the Department of Housing and Urban Development (HUD).
Coldwell Banker Encinitas Realtor Linda Moore has been successfully working with clients whose home ownership position has been affected by delinquencies on their existing mortgage. Her understanding of the personal hardships affecting many Encinitas homeowners and changing mortgage industry trends puts her in a unique position of providing assistance to those who face this challenge.
No comments:
Post a Comment