Foreclosure, it’s something that can scare even the bravest. In this world of uncertainty, it can happen to nearly anyone. However, there are ways to salvage your finances and even prevent foreclosure.
If you find yourself in a situation where your lender is threatening to foreclose on your home, don’t panic, there are people out there that desire to help. Odds are that your lender has a loss mitigation department. These departments will meet with and work with you and show you how to fix your problem.
You also need to be honest with your lender, let them know your situation. If they don’t know what’s going on they will be less cooperative and there will be less avenues open to you.
You can also go through a third person party to mediate…