While the housing market is rebounding, many people in the Fort Worth TX area are still struggling with finding / keeping a job, falling behind on their mortgage payments, making life very stressful even causing some families to divorce.
If you’re underwater on your home, or having trouble keeping up with your monthly mortgage payments, you could be fearful that your mortgage provider is going to foreclose.
Thankfully, there are a number of things that you can do to learn how to avoid foreclosure in Fort Worth. It’s important to remember that moving quickly is absolutely paramount, time is of the essence, and could save your credit rating, certainly minimizing the impact to your credit, and your home.
So lets dive in on a couple quick tips on possibly how to avoid foreclosure in Fort Worth TX with your home.
**** Please be sure to scroll down and watch the short video I created for you****
The Keys To How To Avoid Foreclosure in Fort Worth – Don’t Abandon Ship
Many people simply give up and walk away from their home. There are even areas of Fort Worth that have begun to resemble ghost towns, as the economy has impacted residents significantly.
Detroit is a prime example of what can happen when people abandon their homes.
This can be stressful situation, but it’s extremely important to keep your wits about you and not ignore the situation if your goal is to avoid foreclosure. A foreclosure will have a huge negative impact on your credit score, and likely prevent you from purchasing a home for years to come. If you sell your home, you could leave a portion of the loan unpaid, and the lender could pursue legal action against your for the unpaid portion.
While it’s extremely stressful, you do have options:
• Communicate and negotiate with your mortgage lender. Banks and other financial institutions are well aware that citizens of Fort Worth TX are struggling. If you haven’t missed a payment yet, you may have some leverage to renegotiate the terms of your loan. Banks and not in the business of owning real estate and don’t like foreclosing on homes, and many will work with you if you aren’t too far behind. You may be offered forbearance, or possibly a full loan modification, but you must communicate with your lender and not ignore them.
• Ask for help from Uncle Sam. Over the last several years, the federal government has implemented a number of programs to help struggling homeowners. The Home Affordable Modification Program (HAMP) allows struggling homeowners to modify their loans, reducing monthly payments. The Home Affordable Refinance Program allows homeowners who are current on their mortgage payments refinance an adjustable rate mortgage into a low-interest, fixed rate loan. Both of these programs are subject to eligibility requirements.
We understand that the possibility of losing your home can be stressful. You aren’t alone. Citizens all over Dallas Fort Worth are going through similar situations. Foreclosure can have a long lasting effect on your financial life, and it’s important to move quickly and take advantage of any options available to you. You could save both your credit rating and remain in your home but you must “take action”.
We may be able to help you avoid foreclosure… connect with us today (817) 550-5069 Ext# 4000 and lets discuss your situation. We don’t charge any fees… we’ll evaluate your situation… and present you your options on how to avoid foreclosure in Fort Worth TX and the surrounding areas so you can move forward and get this foreclosure behind you and remove the stress from your life.
Give us a call anytime at (817) 550-5069 Ext# 4000 or
fill out the form on this website today! >>
TMC Property Solutions
Together, We Can Create Your Solution!
TMC Property Solutions is an accredited business and A+ rated members of the Fort Worth BBB.