The financial economic crisis continues causing struggles to the middle class. The United States financial systems, as well as the Stock markets around the world keep on plunging. Big companies continue cutting thousands of jobs every day, while the foreclosure rate is increasing by the minute.
My newsletter subscribers, are always asking for tips to avoid home foreclosure, and the first thing I always tell them is that do not make the mistake that most homeowners do, which is to freeze, and do nothing when they receive the foreclosure notice for the first time. That is the worst mistake you can do.
It is a fact that as more people continue to lose their jobs, the housing crisis will continue to increase. The reality is that middle class families are struggling to get ends meet, even having what used to be called “good paying job”, let alone some folks out there that do not even have a job. There is not way that those people would afford monthly mortgage payments.
So I would say to my readers, to give tips to avoid home foreclosure, would be helpful to know what you currently situation is? Because depending on your situation an advice that could be good for some folks maybe is not good for you. But in general the first thing I would say is that you should never, never leave your property.
You would be surprise to know how many people, just abandon their properties when they get the foreclosure notice. Another warning is; do not do deals or sign your home title to anybody, regarding of the sweet deal that you get offered. 90% of them are scam.
One mistake many homeowners make is to ignore the calls and the letters from their lenders. This will not help you to avoid home foreclosure, this will get you in the street in not time. On the other hand, just by calling your lender does not mean they will work with you.
In this case you should be very careful, because if they find out that you can not afford mortgage payments, and chances are you can not, they will try to foreclose your home even faster.
I can go on and on giving you small tips to avoid home foreclosure, unfortunately the space here is very limited, but something I want you to keep in you mind is this: if you do not have a very good income to afford all your bills and your mortgage payments is very likely you will not qualify for most of the mortgage release programs out there at this moment.
The good news is that even if you have not income at all, you can avoid home foreclosure, if you know how to do it. If you know how the process work, and how to manipulate it in you favor, you can manage to stay in your home for a very long time, even if you are completely broke. In my site I offer more tips to avoid home foreclosure. It would be a good idea to go there now.