Foreclosure Solutions

 

Facing Foreclosure: Steps to Take Now

Experiencing a foreclosure is not the end of the world, but it can feel overwhelming. The constant weight of thoughts and emotions about the future can feel crippling—day and night.

Learning From Experience: Doing Everything Right Isn’t Always Enough

Through my own experience, I learned that even doing all the right things doesn’t always get you the outcome you hoped for. Foreclosure is a challenging process, but there are steps you can take to navigate it.

How to Communicate With Your Lender

The first step is to call your lender. Let them know you’d like to work with them, but that you don’t currently have the money to make payments. Open communication can often lead to potential solutions.

Creating a Budget to Address Missed Payments

Take time to determine your budget. Can you repay all or part of the back payments owed? Knowing what you can realistically afford will make discussions with the bank more productive. Some states offer programs for homeowners behind on payments. It is best to seek help when you miss only a few payments, they help with back payments.

Exploring Loan Modification Options

Once you have a budget in place, revisit the bank to try to negotiate a loan modification. However, be aware that attempting to work with the bank on a modification may not stop court proceedings. When this happened to me, it was incredibly stressful.

The Emotional Toll of Foreclosure

Foreclosure is a difficult and emotional time. Days and nights can blend together as stress mounts. That’s why taking action quickly is so important—don’t delay!

How Eagle Point Ventures Can Help

At Eagle Point Ventures, we offer a range of options to help individuals facing foreclosure. Time and back payments owed are critical factors, but our goal is to explore solutions that may leave you with a little cash in your pocket.

Contact Us Today

We’re here to help you navigate this challenging time. Contact us today:

Taking action now can help provide the relief and options you need. Let us help you find a solution!

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