Sunday, May 16, 2010

Are You Finding It Difficult To Keep Up With Your Mortgage Payments?

Learn About Making Home More Affordable

The Obama Administration’s Making Home Affordable Program includes opportunities to modify or refinance your mortgage to make your monthly payments more affordable. It also includes the Home Affordable Foreclosure Alternatives Program for homeowners who are interested in a short sale or deed-in-lieu of foreclosure

If you have fallen behind on your mortgage payments and are not sure of what to do, the above link is a great starting point. There are alternatives available to you other than foreclosure or just letting go and walking away.

Foreclosures don’t just affect you, but they have a negative impact on everyone from your family to your neighbors, and future home buyers. It’s a no win situation for everyone! Families of course are devastated to have leave the place that they’ve called home. Your neighbors that you leave behind will have a negative impact on their values which will hinder them when it comes to refinancing or taking out a home equity loan. Future homebuyers will have a tougher time qualifying for loan based on the high number of foreclosures.

If you are having trouble keeping up with your mortgage payments and are in need of assistance contact a Realtor who is knowledgeable and can assist you in a discussion about your options. You maybe able to sell your property without any negative impacts to your credit via customary terms or you may be eligible for a short sale. These are just a few of the many options that you have at your disposal. So don’t delay, procrastinate, or ignore the notices in the mail. Be proactive and do something about your situation.

If you need additional information or if you have questions or concerns, you may contact me at:

Keller Williams Realty

Lou Wiggins