Welcome to another edition for our Ezine-Newsletter as always you will find some very useful and sometimes very revealing information. Best of all its free so tell your friends.

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God Bless!

Guy Te

Date of Newsletter: 01-2008-07

This Issue Number, Category and Headline: Real Estate - Stop Foreclosure - Facing or Possibly Facing Foreclosure: Make Decisions Now Before it’s To Later to Save Your Home

Issue # 1

By Guy Te Watson

In 2006, bank foreclosures claimed over 1.2 million homes in the United States of America.  According the RealtyTrac website were more than 2 million foreclosures in 2007 also. The Mortgage Bankers Association reports that 1 out of every 200 homes ends up foreclosed. If you find yourself facing foreclosure, it is time to get very serious about what you spend your money on and how you spend it. 

For instance it is probably time to get rid of your credit cards and stop charging up items in them. It is time to consider what you are going to pay first your charge cards or your mortgage payment. What is most beneficial to you in the long run to have a home to live in or your charge card bills paid leaving you with bad credit anyway because you lost your home to foreclosure?

When facing foreclosure proceedings it is time to spend your money wisely. The days of it being fairly easy to get a mortgage are over for now and the near future so you need to spend your money wisely on what you need to do to save your home. You must decide what the best path is for you to follow in order to accomplish saving your home from foreclosure.

You must decide whether in your situation you are likely to have the money to get everything caught up within a month before you are going to lose your house because it is purchased at a foreclosure sale or whether you need to spend your money on getting help to fight the lender in court to save your home because you just do not have the money to catch everything up in time.

Waiting any more than a month before the sale of your home to decide what you will do to save your home from foreclosure will make it very hard to save your home no matter what path you chose. Even waiting that long (a month before) if you are two or three months out (2 or 3 months before) and see you are having problems, waiting until a month before could put your home at greater risk because the sooner you start to deal with the problem of possibly losing your home the better the chances are that you can save your home from foreclosure. Don’t put off your decision making; the longer you wait the more likely it is that you will lose your home to a foreclosure sale.

For more information on where to find a foreclosure debt settlement expert to help stop your foreclosure or to help your client stop a foreclosure go to:
http://help-to-stop-foreclosure.net/

 

Without Prejudice - All Rights Retained
Copy Claim June 2008, Watson Lord and Watson - Guy Te Watson