©Frederick Homes for Sale - flickr

©Frederick Homes for Sale – flickr

If you are a homeowner facing foreclosure, you are probably wondering what to do and who can actually help you.  You may have questions about the foreclosure process and what is going to happen.  How soon you’re are going to loose your house and what are your options for saving it.

You first best option is to talk to someone who has a background in foreclosure and a lot of knowledge; like your lender, a lawyer or even a realtor.  You can at least ask them some basic questions, so you will have a better understanding of the process.

If you can’t afford to hire a lawyer, then searching for information and advice on the Internet maybe a useful tool.  Here you can learn your rights as a homeowner and find many different options that may work for you.  Remember that some of the laws can change, depending on what state you live in.

Online you should be able to find details on the foreclosure process, but also the laws in your state of residence.  You may also want to look up attorney’s websites that deal with foreclosure; sometimes on their site you can find a lot of useful free information.  Make sure to look up law sites for lawyers in your state.

Here I will share with your some of the most important foreclosure tips
-Did you know that in some states foreclosure could be stopped right away when bankruptcy is declared?
-Did you know that you could ask your lender for a loan modification to reduce you monthly payments?
-Did you know, that if you didn’t want to keep your home, you could still stop the foreclosure by doing a short sale on it?

These are just a few of the tips you can find out by reading up on the website.  You don’t need to pay the high dollars that most attorney’s ask for, when you can gather the information yourself and put it to use.

If you do have a specific case or question, or even feel like you are being scammed, hiring a lawyer would be advisable though.  Even if you don’t have the money, with enough research, you may be able to find a lawyer that will work on your case pro bono, or they will work out a payment agreement with you.

Another website that has gathered a lot of data, is the United States Department of Housing and Urban Development or (HUD).  There you can review your options and talk with an approved housing counselor.

Final there are websites that will give you tons of valuable information, have numerousforeclosure blogs you can read and even free foreclosure ebooks you can download.  Take advantage of the information and stay on top of your foreclosure options.

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