One of the most important decisions homeowners will make when facing foreclosure is whether or not to hire a third party company to help them save the home. There are hundreds of news stories and complaints online about disastrous experiences people have had with foreclosure scam companies, but many homeowners do not feel competent enough to deal with the mortgage company on their own. In this case, it may be a good idea for the foreclosure victims to consider hiring outside assistance, but they must exercise a good deal of caution before trusting anyone to help them stop foreclosure.

Like with most industries, there will be a vast number of foreclosure help companies that do well by their clients, some that are incompetent and will fail to provide useful services, and a small number that are downright criminal and see their customers as targets rather than as sympathetic homeowners in need of assistance. It will be up to the homeowners, though, to make sure they choose to deal with one of the companies that acts honestly and provides a good service. This takes a good amount of homework in interviewing several companies and looking up any complaints or testimonials.

Foreclosure assistance companies can provide useful help to homeowners, but the extent of their services and their effects will depend largely on how much the homeowners are willing to do on their own. If the owners would rather negotiate with the bank themselves, and try and work out a mortgage modification or other payment arrangements, then there is a good chance they can probably do just as good a job at this as any foreclosure assistance company. There is no real "best way" to stop foreclosure; any plan that is affordable for the owners and agreeable to the banks will get the job done.

On the other hand, if the homeowners have outside lives and are not able to spend several hours a day on hold while waiting for the lender to pick up the phone, and they do not really know what to ask for and do not have the time to do all of the research about how foreclosure works, then it might be a good idea to hire a company to perform these tasks. If the company offers their services for a reasonable price and there are some guarantees the owners can get a refund if the company is unable to stop foreclosure, then it might be worth offloading the work.

Homeowners absolutely need to be prepared, though, to do some of the work to qualify for a plan to save the house. There is almost always a lot of paperwork to fill out and the owners might have to prove stable enough income to qualify for a plan. No foreclosure help company can work magic and make it appear as if people can afford a mortgage payment that is obviously out of their income range. While a high-quality assistance company will do everything they can to negotiate for better terms, they can not completely do away with the mortgage payment altogether forever; eventually, the owners will need to make the effort to get the payments caught back up, and this usually requires a higher monthly outlay, for a time.

The best thing for homeowners facing foreclosure to do might be evaluate their current financial situation, figure out where they can get more income or cut expenses, then decide if they will be able to do the negotiation work with the mortgage company on their own. If they do not have the resources to do this, they may want to consider calling a number of different foreclosure help companies, find out what they offer for how much, and what their refund policies are if they can not help save the home. Assistance to help save a home is available from any number of companies, but homeowners need to decide if there is a chance they can save the home to begin with, and then need to find a reputable company to guide them through the process.

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