| I get calls all the time from people who are scared | | | | Is it something that has permanently changed and you |
| because they have had an issue that has caused | | | | do not know when things will go back to normal? On |
| them to fall behind on a payment or two on their | | | | the other hand, is your situation a temporary situation |
| mortgage. Now I am not talking about someone who | | | | that may continue for the next several months? Once |
| has not paid their mortgage in 8 months but more like | | | | you figure out your situation you will start to get an |
| someone who had a temporary setback and this is | | | | idea of what kind of help you would need from your |
| the first time they have ever missed a payment. | | | | mortgage company, if any. |
| These people do not know the foreclosure or late | | | | The last step is to communicate your problem with |
| payment process of banks and they are very nervous | | | | your bank. Let your bank or mortgage company know |
| about what could happen to their home, credit, or the | | | | your problem. If you are unsure how they can help you |
| equity they may have in their home. | | | | then ask for their suggestions. They usually are willing |
| Well I am here to provide a little bit of information that | | | | to help come to a solution. If the person you talk to at |
| will help you choose what steps you need to take in | | | | the bank is unwilling to help or rude in some manner, |
| order to fix your situation. | | | | simply call back and speak to someone else. Do not let |
| The first step is to relax. Now, many banks are more | | | | one person's attitude problem affect you getting the |
| than willing to help you resolve your delinquent account. | | | | help that you need. |
| The market is flooded with foreclosures and banks | | | | Finally, do not agree to something that you cannot do. |
| now look at a foreclosure as an absolute last step in | | | | Do not agree to a payment plan or an inflated |
| trying to correct a non-paying property. | | | | payment that will cause a hardship and possibly get |
| The next thing to do is to assess your situation. What | | | | you in more trouble. Follow these steps and 90% of |
| has caused your temporary setback? Is it something | | | | the payment problems out there will disappear. |
| that is over and you are back to where you started? | | | | |