Foreclosure

The worst way to lose a home is through a foreclosure. We call foreclosure “the atomic bomb of credit scars” – it cuts the deepest and lasts the longest. When something effects your credit negatively, it lowers your credit score and the effects last for varying periods of time. Foreclosure lowers your score the most and for the longest period of time – 7 (or more) years.

Facing foreclosure is stressful to anyone. Our first goal working with homeowners in these situations is to help them keep their homes. There are several strategies to help with that and we explore all our options and exhaust our resources to make that happen. The best part is, we do most of the work for you and guide you in every step. Through our network, we have helped thousands of families keep their homes.

Unfortunately, some distressed homeowners reach the end of their patience and decide they simply want to “walk away” from a home believing that foreclosure will be the end of their problems. The truth is that foreclosure is the beginning of an 8-10 year nightmare that can involve everything from an eviction by the sheriff, embarrassment, battling creditors for years, deficiency judgments and lawsuits, possible tax ramifications that can even lead to garnished wages, and difficulty getting credit cards, car loans, or even many types of employment for up to a decade.

If you are facing foreclosure or live in a home that you cannot afford to keep, please contact us so we help ease your burden.