Augusta
VIP Contributor
Having a home of your dreams via a mortgage doesn’t save it from foreclosure. The truth is that if you fail to pay your mortgage on time you might be setting your home up for foreclosure. The lender of your mortgage will not hesitate to take possession of your home to aid them retrieve their money. So what are things you can do to save your home from foreclosure?
Start with using your savings to psy back the mortgage payments maybe in a lump, to keep the lender away from foreclosing on your home
Look for a way to negotiate a short refinance with the lender. This will give you more time to make payments
Asked that your lender grant a period of forbearance, as you present genuine cases on your delay of payment
But if your home is going into foreclosure, it is better to seek help of family members or friends to buy the home. Then you get a lease, hoping to buy back the home later
Start with using your savings to psy back the mortgage payments maybe in a lump, to keep the lender away from foreclosing on your home
Look for a way to negotiate a short refinance with the lender. This will give you more time to make payments
Asked that your lender grant a period of forbearance, as you present genuine cases on your delay of payment
But if your home is going into foreclosure, it is better to seek help of family members or friends to buy the home. Then you get a lease, hoping to buy back the home later
