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