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                                                Avoid Foreclosure

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                                                5 Reasons to Avoid Foreclsoure


                                                1. The homeowner will always have to disclose they have had a foreclosure on any mortgage application.

                                                2. Credit scores will be lowered by 300+ points affecting the ability to get a car, apartment, credit cards, etc.

                                                3. A foreclosure is the one credit report item that is almost impossible to repair.

                                                4. Military and government security clearance could be at risk with foreclosure.

                                                5. Many employers run credit checks on prospective employees and foreclosure is one of the top items that jeopardize employment.

                                                Contact us about your situation. Lean more about Short Sales


                                                Navigating HAMP

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                                                Resources

                                                What is a Short Sale

                                                800-995-HOPE
                                                Homeowner's Hotline

                                                Affordable Refinance Program

                                                Fannie Mae

                                                Freddie Mac

                                                Download Reports

                                                what_is_foreclosure.pdf
                                                File Size: 30 kb
                                                File Type: pdf
                                                Download File

                                                hardship_letter.pdf
                                                File Size: 178 kb
                                                File Type: pdf
                                                Download File

                                                treasury_streamlines_short_sale_process.pdf
                                                File Size: 59 kb
                                                File Type: pdf
                                                Download File

                                                fsbo_help.pdf
                                                File Size: 15 kb
                                                File Type: pdf
                                                Download File

                                                IMPORTANT NOTICE  Russell-Realtor is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.

                                                Resources

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