The Most Important Steps To Take To Save Your Home From Foreclosure

To save your home from foreclosure understand this: Time moves faster than we can think clearly.

It’s hard to believe your mind might be playing tricks on you, when you are in danger of losing your home.  Then you tell yourself, your foreclosure can’t be real–so it must be fake. So you ignore it, until it’s to late, and they take your home away.  This happens everyday.

Find out the foreclosure timeline in your state today.

The foreclosure timeline is the sequence of events and number of days it takes for the foreclosure process to begin and end–and you loss your home. This timeline varies from state to state. Texas and Georgia are the fastest; New York and New Jersey may take more than one year.

But don’t be fooled in the Big Apple or Jersey just because you have more time.  More time often means more debt–debt that you probably cannot afford to pay.  Also some programs to stop foreclosure may have certain guidelines that you have to meet in order to qualify. Guidelines that have to do with the number of months you are behind on your mortgage.  So be careful.  Or ultimately what you think is an advantage may be the reason you lose your home.

In states that foreclose fast, if you do not know what the foreclosure timeline is BEFORE the notice of default is issued–your chances of success are slim to none.  You simply do not have the time.

Embrace the fact quickly that you are in danger of losing your home.

We are creatures of habit. We do not like to change. Be aware that your resistance to change can kill your chances of saving your home. This is a very subtle, mental interaction inside your mind that makes you struggle with your own thoughts.   So, who do you root for? Are you simply being paranoid or are you in danger of losing your home?  How do you pick the winner?

Develop a Plan A, Plan B and Plan C or get help.

Things don’t always work out the way you want, do they?  So this is the reason you will want to come up with several plans of action. This is not a game. You do not want to end up on the streets. So take the time to figure out what you want to do. Do your resources allow you to do what you want to?

If you are unable to do what you want to do most, then what next? Create the three most viable plans you can think of!  Try to focus.  Make some time today. You will not regret it.

If you decide you need help, the sooner you get it the better.

Foreclosure does not seem real.  It is mostly an illusion until AFTER it happens to you. That’s why it can be difficult to make the kinds of changes and decisions you will need to make, and move with the speed you will need to move. But as I suggested to you from the start–time is not waiting on you and will not change no matter what happens to you.

My point is you will probably need more time than you think to turn this situation around.  So if you know you will need help, the sooner you ask for it the better.  Try not to wait until the last minute to ask for help.  That’s makes it more difficult for people who want to help you.

Save Money

Your lender will want money when you work things out, so save, save, save.  You’ve heard the statement  “cash talks and bullshit walks”.  Never was that statement more true than now.

Work Your Plan

Your plans help you prepare and organize to solve your foreclosure problem. So once you know what you want to do, like Nike says, Just do it!   Now is the time to speak with family, friends, professionals, government agencies and non-profit agencies to see how they may assist you in solving your problem.   You have the greatest chance of success by getting into action fast, armed with a plan. 

In summary, the important steps to take to save your home from foreclosure are:

*  Find out the foreclosure timeline in your state today.
*  Embrace the fact quickly that you are in danger of losing your home.
*  Develop a Plan A, Plan B and Plan C or Get Help.
*  If you decide you need help, the sooner you get it the better.
*  Work your plans.
*  Save money.

This article was written for discussion purposes only and is not intended to provide legal advice. For legal advice please speak with your attorney.

Tags: avoid foreclosure, foreclosure assistance, Foreclosure Help, foreclosures, stop foreclosure, understanding foreclosure