If you’ve fallen behind on your mortgage payments, the threat of foreclosure can become overwhelming. Struggling homeowners might feel inclined to simply accept their fate—there’s no getting out of foreclosure, right? But when it comes to mortgage foreclosure, remember that you have options.
Understanding those options and what you can do if your house is in foreclosure can help you mitigate the damage done to your credit and overall financial health. It might even help you take action to keep your home. We’ve gathered some general information regarding foreclosures to help you get an idea of how it works. State laws vary significantly, so work with a legal professional to determine the laws governing your foreclosure proceedings.
Our goal is to help educate and guide you through this process as best we can. I know this might be an uncertain time, however, know that we are here for you.
For further information on the foreclosure and short sale process, please review and download our FREE guide. We have highlighted some important points to remember about each type of foreclosure. The purpose of the guide is to provide you with a general overview and in no way represents each process in its entirety.
Click here to download Bluestone Signature Realty Foreclosure Guide