Ways to Stop Foreclosure

The possible foreclosure of your Hoboken home is a tragedy and everyone has a unique situation that got them to this point. Following are several ideas to help keep you in your home:

1) Utilize the resources at the Making Home Affordable web site. You will find all the information you will need to request a loan modification.

2) Contact your mortgage company and let them know you are interested in a loan modification. If you are aware of your foreclosure date be upfront and let them know you have an urgent situation and need assistance.

3) Your loan company will ask you a variety of questions and they will then decide if you are eligible for the modification. If it is decided that you qualify for a loan modification you will than receive a packet of forms that you must fill out and return. Make sure that everything is filled out correctly, signed and dated or you could see big delays. Be sure to make copies for yourself in case any paperwork gets lost.

4) It’s a good idea to followup by calling on a weekly basis to check on your status. Generally, they will say it will be 4-6 weeks before they can make a decision but still followup weekly during this time period. Be sure to take notes regarding who you spoke to during your followup call and what you were told.

For help in stopping foreclosure or finding and closing on your perfect Hoboken home, contact Eddie Perez Broker-REALTOR, CDPE. Eddie’s market includes Hoboken, a progressive city where they’re always coming up with new ways of making it a better place to live, Jersey City, Weehawken and Union City. Eddie can also be reached by phone at 201-344-2886.


Explore posts in the same categories: Hoboken Homes, Live in Hoboken

Tags: , ,

You can comment below, or link to this permanent URL from your own site.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s

%d bloggers like this: