Foreclosure Prevention


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http://www.995hope.org 

What is foreclosure? 
Foreclosure is a legal action used by a mortgage company to recover any money from a customer when the customer does not pay his or her debt in accordance with the mortgage agreement. In other words, it's the legal remedy used by a mortgage company to assume ownership of a property when the required loan payments are not made. Foreclosure obliterates otherwise good credit.
 
How does foreclosure happen? 
Although the actual process varies from state to state, foreclosure revolves around a homeowner's inability to keep up with monthly mortgage payments. The farther behind the homeowner gets, the closer to foreclosure the homeowner becomes.
 
Is anyone exempt from foreclosure?
No. Everyone with a mortgage is subject to foreclosure, should non-payment become an issue.    
 

Having trouble paying your mortgage? Help is just a phone call away.

www.995hope.org



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