Foreclosures & More

Preventing Foreclosures & Foreclosure Listings

Given the bad economy in Michigan, if we lose our jobs (not unlikely), the bank will work with us to save our home?

(there are 4,500 homes for sale in a county, approximately 25% of which are foreclosures). I mean, with an accumulation of housing abondanded recovered and should take more than a year to sell ours. Any information on this process is appreciated

I would try to lose all your payments and save as much as possible while still employed. You could talk to the bank and refinance the balance of your home, but only if you have done and a job. No re-fi and increase the principle (cash payments), but can reduce your monthly payment. Have you thought about finding a safer work now instead of waiting for yours to disappear? Good Luck

Tags: countrywide-foreclosures, home, stop foreclosure now, stop foreclosure sale, stop-home-foreclosure

This entry was posted on Saturday, January 23rd, 2010 at 5:27 pm and is filed under Foreclosures. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.