Are you a few months behind on your mortgage?
Your phone is simply bursting from the lender calls?
Are you ready to give up?
This situation is observed all across America and around the world. Banks have made it very easy to get a lot of money from real estate. Prices for houses grew, the real estate market was booming. It seemed that every homeowner had his own gold mine. All this led the world to financial disaster.
Of course no one has a desire to experience foreclosure on his house. People are working hard to avoid this unpleasant procedure. Nobody takes a mortgage intending not to repay the loan and have a foreclosure on the house. But sometimes unforeseen events that may prevent payment of the mortgage can happen in life. A person can lose his job, get sick, get injured. Any of these events may lead to a financial collapse.
You do not want to experience foreclosure on your house, and the creditor also do not want this. The lender makes money off the fact that you take the mortgage and pay his interest. If he will make foreclosure on your home, then he will not receive the interest. This situation is not profitable for lenders, so most of them will be ready to examine your circumstances and work with you to avoid home foreclosure.