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    When The One Saying "I Need Help With My Foreclosure" Is You
    by Judy Wellsworth


    It's every homeowner's nightmare to have to go to someone pleading, "I need help with my foreclosure." Any homeowner in that position and admitting "I need help with my foreclosure," is also admitting that he or she has not been financially prepared to meet the obligations imposed by a monthly mortgage payment, and is at risk of not only losing a home, but of losing a good credit rating as well.

    On the other hand, anyone who can openly admit, "I need help with my foreclosure," is that much closer to finding those in a position to lend foreclosure assistance. One of the best places to go for such assistance is a loss mitigation agency, established expressly to provide help for those who are in danger of losing their homes to foreclosure.

    Budget For Your Mortgage Payments

    You best chance of avoiding having to announce, "I need help with my foreclosure," however, will come if you simply make sure you have the necessary funds to make your monthly house payments, even if it means sacrificing somewhere else in you budget. Your loss mitigation agency will mail your financials to your lender for examination, and you will have to show your lender how you expect to make you mortgage payments as scheduled. You may be required to put the amount equivalent to your monthly house payment into a trust account; the trust account will establish that you can indeed meet your mortgage obligation.

    If you are telling yourself "I need help with my foreclosure," and turn to a loss mitigation agency , just be aware that the previously mentioned procedures may not be appropriate in your situation. There are, however, other options for you which may be helpful in stopping your foreclosure. Contacting a loss mitigation agency is one of the best ways to avoid the humiliation of seeing your foreclosed home sold at public auction, and it's far better to admit openly, "I need help with my foreclosure," than to go through that experience.

    Help The Agency Help You

    You will have to be completely honest with the loss mitigation agency; lying about your finances will do nothing to let you avoid foreclosure if you simply do not have the funds to meet your mortgage payments. You'll lose both your property and the money you gave to the agency.

    You will need to keep the loss mitigation agency supplied with your current bills and pay stubs, and any correspondence or communication between yourself and your lender. This way you will get the needed help with your foreclosure from someone who is fully prepared to plead your case with the best possible information.

    You can also find more info on real estate investors and estate foreclosures Foreclosureshomeguide.com is a comprehensive resource to get help about property Foreclosures.

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