Many of us realize that one of the best ways to avoid foreclosure is to make sure you made a smart investment in the beginning. Exclusive buyers agents are dedicated to helping buyers evaluate their financial status, finding homes in good neighborhoods, and making sure the offer is competitively priced.
If you’ve done all the right things at the beginning, but are still finding it’s tough to maintain paying the mortgage on your Colorado home, consider an interesting fact: Many people lose their homes to foreclosure because they never answered their lender’s letters, or phone calls.
Many of us are embarrassed to be in a situation where we are coming up short on cash. However, in most cases, responding to the lender is a better alternative than ignoring them, because they are motivated to avoid foreclosure as well. They don’t need more forclosed homes on their books.
They may even be willing to put you in touch with one of the many groups out there who have sprung up to assist homeowners with alternatives to foreclosure. Since a foreclosure can put a huge ding on your credit for years to come, it is an action worth considering.
Look for legitimate organizations such as the Short Sale Association of America. You may wish to also alert the buyer agencies in your area that you are willing to sell your home as a For Sale By Owner at a good marketable price. Distressed homeowners who are not yet in the foreclosure cycle can take many proactive steps to take charge of their financial situation.