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Dealing with foreclosure

9 0
06.03.2025

Facing foreclosure can be an incredibly stressful and overwhelming experience.

If you have found yourself in any of the following situations, you may be at risk:

• You are about to miss a mortgage payment because you don’t have the funds to pay.

• You have missed one or two mortgage payments.

• You have received a notice or demand letter from your mortgage lender.

• You have been served a Petition for Foreclosure.

If any of those apply to you, it is a serious situation and you may be on your way to foreclosure. However, you do have options and the sooner you take action, the better your chances of finding a solution.

Why ignoring the situation is the worst thing you can do

It may be tempting to ignore phone calls from your lender or avoid opening the demand letter they’ve sent, but this approach will only make matters worse. Here are some potential consequences of inaction:

• You won’t have any say in the court proceedings and they will move........

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