Procrastination Wont Save Your Home From Foreclosure
It has become apparent that the term “U.S. Housing Crisis” and nothing less than just that. It’s not some overblown publicity stunt to scare the U.S public and give Politicians a chance to play superhero for some Great Cause which has emerged from the eruption. No this is not a trick, not an over exaggeration, this is a truly horrific time in U.S which has not completely unfolded. If you are one of the population struggling, you are not alone. The numbers are dark.
The MBA numbers as of August 20, 2009 show nationally 8.22% of all loans are in default (30+ days late) and 4.3% of all notes are in foreclosure. That means out of 45 million mortgages 13.6% are in distress. The even more disgusting|disgraceful| thought is the statistic which states that over 70 percent of Homeowners in distress go into Foreclosure without putting up a fight. Your home that you are responsible for its well being and all the belongings in it and possibly your family, how does one just ignore the impending doom of Homelessness? I myself have been in the same scenario and could not sleep at night much less not act. I’m working 12 hour day minimums and educating myself on every possible facet of the Foreclosure & Loan Modification Process.
During my time working for the Law firm I have identified many thinking errors that are common among Homeowners at risk of losing their house to foreclosure. many times they are their own worst enemy over analyzing their situation so much it makes them afraid to act because they are in fear of making the wrong decision. I can give you my sincerest opinion when I tell you that the sometimes when we try so hard not to get screwed we end up screwing ourselves. We are our own worst enemies. Remember, Analysis equals Paralysis which inevitably leads to an unfortunate conclusion.
In the Best interest of anyone who may read this, if there is only one message I can pass on to a Homeowner or Family in distress it’s Never Give Up, never loose hope, and try your best to do everything you can, exhaust every possible option and most importantly try and seek out the help of qualified Legal Council. The only thing that a Person who says they can and a Person who says they can’t have in common is that they are most likely both right! I wish the best of luck and good fortune to anyone who may be facing or suffering though one of so many truly unfortunate hardships and tragic situations that are becoming so common among todays Families and Homeowner.