More tips about Foreclosure
Realty Times - Real Estate News and Advice: "Homeowners facing default on their mortgage too often take the head-in-the-sand approach and leave their No. 1 asset exposed to foreclosure.Homeownership requires proactive financial management even when the payments are on time, but even after the mortgage servicer calls delinquent homeowners about late payments, too many of them too often turn to denial and procrastination -- death knells for home ownership.
Contacting the lender at the first sign of trouble is a rule of thumb for delinquent mortgage holders. Unfortunately, in more than half of all foreclosure cases, the borrower never contacts the lender and loses the home without a whimper."
posted by Justin Smith @ 12/14/2005 07:26:00 AM
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