Over the last few weeks I have been talking to various people and I am surprised that there are so many of them that are finding themselves in financial situations and they don't realize that they have choices.
If you are a home owner and find that you have had job changes, or have over extended yourself and are not able to pay your mortgage. YOU HAVE A CHOICE!
Whether is it due to pride or embarrassment you don't want to let your real estate agent know the truth of your financial situation. It is very hard for an agent to give you guidance if you don't let them know all the circumstances. Even though you have missed some of your mortgage payments you may have options to bring it into good standing.
There will be many people over the next few months that will no longer be able to keep their head above water, the economy in the fall of 2008 and the beginning of 2009 is just now starting to affect some home owners. There may be equity in your home that can help you. You may have to sell your home but there are deadlines that have to be met. The longer you delay, the more costs you will incur.
I will sit down with you and go over your options to let you know what is the best solution for you!
P.S. If you take action before it is too late at least you will be in charge when selling your home not the bank.