When you’re behind on your payments and don’t see a way to catch up, it’s easy to get depressed and just give up.
But don’t do that! If you allow the bank to foreclose, you won’t be able to purchase another home for at least 5 to 7 years. And – the resulting hit to your credit rating will affect everything else you do for the next ten years. It could prevent you from getting a job, renting a house, or even buying a cell phone.
You DO have options. Right now there are several government-sponsored programs that could allow you to keep your home.
And if you’d rather get out from under the burden, a short sale will allow you to be eligible for another home loan in as little as 2 years.
Call me. I’ll be happy to explain your options, so you can make an informed choice. And best of all, I can save you from the ongoing nightmare that comes from foreclosure.