The rate of foreclosures in Houston puts this city in the nation's Top 10. Stopping this trend at least on a personal level is possible if the right steps are taken quickly when trouble arises. Many homeowners find they can stop foreclosures in Houston simply by taking a proactive approach to the problem.

There are several approaches homeowners can take to avoid foreclosure. The right steps do depend on the circumstance at hand.

What To Do With An ARM

Adjustable rate mortgages are causing a lot of the foreclosure problems at the moment. Lenders very often are willing to work with homeowners caught in the crunch. It does pay to seek out all options. Some of them include:

?Negotiating new terms on a loan. Some lenders are willing to rework a loan to stop foreclosure. At the very least, many will offer payout arrangements to help homeowners catch up quickly on payments they've fallen short on.

?Refinancing. Switching to a fixed rate mortgage in a refinance can be a beneficial way to stop foreclosures in Houston and make payments more reliable in the process. Do not wait for payments to lag months behind. This will damage credit and make getting a new loan that much more difficult.

What To Do Under Other Circumstances

Even homeowners with fixed rate mortgages are finding themselves in trouble with their payments. This can happen because of employment lay offs, medical conditions and a host of other emergencies. When payments lag behind, take a proactive approach immediately to stop foreclosures in Houston. Homeowners should:

?Immediately review budgets to see what can be cut in order to make payments.

?Pick up the phone and call the mortgage holder. In most cases, lenders will work with homeowners facing crisis situations. Many will break up behind payments and spread them out over several months. Some might even consider moving a missed payment or two to the back of the loan. These options are not generally available if a homeowner does not make an attempt to work with a lender.

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