Sept 28, 2022 

The mortgage crisis of the past few years has had a devastating effect on many Americans. In many states, the market is extremely tight and many people have fallen through the cracks. This has resulted in an increase in home foreclosures.

If you’re struggling to make your mortgage payments and are now at risk of being foreclosed on, there are steps you can take to prevent this from happening. Fortunately, foreclosure isn’t inevitable, and with a little bit of planning and some research, it’s possible to avoid it. 

Michelle Singletary- American Journalist

If you’re reading this article, it means that you’ve come across the information we wanted you to have sooner rather than later. The sooner that you find out about foreclosure prevention tactics, the less likely you are to fall victim to it later on. Here are some tips for avoiding foreclosure if you're struggling with your mortgage payments:

• Stay in touch with your lender- this is crucial if you need to negotiate a change in your loan terms
• Know your rights and know your options- it is always best to be educated about the situation you are in 
• Make a list of all your assets and debts- set a budget and stick to it
• Get pre-foreclosure counseling- yes, this does exist and can be very helpful when things get tough

Avoiding foreclosure is NOT easy. Even if you have a solid payment history, there are so many factors that come into play when trying to avoid getting your loan taken away from you. There are several ways to avoid foreclosure. Some of them are more difficult than others. The good news is that there are resources out there that can help you if and when it comes to avoiding foreclosure.

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