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PDF: How to Avoid Foreclosure - Layout 1

Download 14 times Source: www.nw.org // Topic: Foreclosure File Size: 92.87 kb // Total of Page: 3 Page(s) Last download by mazuma1999 Last download on: 5 months ago Share this info: Sample of page (click to enlarge) Short Desciption: help in fighting foreclosure. What should I do if I miss a mortgage. payment? ... How can I reduce the risk of foreclosure. when I purchase my home? ... Content Inside: How to Avoid Foreclosure and Protect Home Equity As interest rates rise, home price appreciation slows, and adjustable rate mortgages reset, many homeowners find themselves in a position they never imagined themselves in on the brink of foreclosure. Foreclosures on loans have increased by more than 50 percent since 2000. If you are in danger of losing your home, consider the following action steps and contact your local NeighborWorks® organization or other HUD-certif ied housing organization for help in fighting foreclosure. you, visit www.nw.org/network/nwdata/hudhousing.asp Notify your lender as soon as you know your payment will be late. Homeowners who are one or two payments behind are more likely to keep their homes than those further behind on their payments. Work it out. Lenders make money by collecting your principal and interest payments, not by foreclosing on homes. If you present your circumstances along with a reasonable plan that will offer you