If you face foreclosure


	If you face foreclosure

andyh123

4-27-2009 3:18 PM

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andyh123 says:

Reach out to lender if home is at risk
http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/9ddd1b8d-1e2c-4a2a-8d83-447f69cdb00b/62A3835D-370B-4CC0-96BF-9AB91A34C30D/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html" href="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html" style="font-size: 11px;">seattletimes.nwsource.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html"><P><STRONG>Talk to your lender</STRONG> as soon as you know there's a problem.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html"><P><STRONG>Read your loan documents</STRONG> so you know what type of loan you have and the steps your lender can take if you fall behind on payments.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html"><P><STRONG>Open your mail.</STRONG> Lenders are required to provide legal notification of foreclosure.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html"><P><STRONG>Prepare a household budget</STRONG> and prioritize your spending.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html"><P><STRONG>Attend a mortgage- intervention</STRONG> seminar to understand your options.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html"><P><STRONG>Avoid foreclosure-rescue schemes.</STRONG> You don't need to pay to get help preventing foreclosure.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html"><P><STRONG>If you need to sell your home</STRONG> for less than you owe the bank, work with an experienced real-estate agent and be prepared to wait. These sales, known as short sales, require proper documentation and often take at least three months to be approved.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://seattletimes.nwsource.com/html/localnews/2009127332_avoidforeclosure27m.html"><P><STRONG>A list of agencies</STRONG> offering free foreclosure counseling is available from the Washington State Homeownership Information Hotline at 1-877-894-HOME or go to www.homeownership. <A href="http://wa.gov/">wa.gov</A>.</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/62A3835D-370B-4CC0-96BF-9AB91A34C30D/blog/" title="blog or email this clip"><img src="http://content9.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>

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