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Tools to Help You Stop Mortgage Foreclosure by Juliana Montgomery





Tools to Help You Stop Mortgage Foreclosure by
Article Posted: 03/25/2010
Article Views: 283
Articles Written: 328
Word Count: 338
Article Votes: 0
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Tools to Help You Stop Mortgage Foreclosure


 
Finance & Investment,Real Estate
Being able to stop mortgage foreclosure on your home is a battle that you can win but it will require a whole lot of work on your part. Scam artists will tell you that it is easy and that they will do everything for you. Believe them and give them your money at your own peril. The unfortunate truth is that you are going to have to fight to keep your home. You are going to have to fight with your mortgage company and it is not going to be an easy battle. But the good news is that there are tools that can help you.

The first tool that you need is an education in foreclosure. Every state has different laws and rules governing foreclosure. You need to find out what those are. This means doing some research and contacting local foreclosure resources so that you know what is available to you.

Another tool available to you are non-profit consumer credit counseling resources. They can review your full financial situation and tell you what options are available to you. Ideally you should not have to pay for a consultation. If the company does charge a fee, it should be minimal. Getting this type of advice can be helpful in really looking at your total financial picture.

And finally, a calculator, some paper and a pen can be great tools to help you stop mortgage foreclosure. Use these tools to sit down and really review your finances. What income is coming into your life and where is that income going? What are your expenses? And do not just write down generalizations, sit down with your bank statement and account for where every penny has gone.

You can stop mortgage foreclosure but you need a clear picture of where your income is going and what options are available to you. This puts you in a better position to know what your plan of attack should be. More free advice to help you is at http://www.Stopping-Home-Foreclosure.com

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