Are you facing the possibility of foreclosure? The last thing homeowners want to do during this stressful time is make errors that could make the situation even worse. So what should you avoid and how can you make smart moves instead? Here are four key things not to do.
1. Don’t Ignore the Problem
First and foremost, you shouldn’t ignore a growing problem in regard to making mortgage payments. In this case, the worst thing you can often do is to do nothing. If you do ignore the problem, it can become unmanageable fast due to a growing backlog, rising fees, and interest increases. (more…)