Step 1: Don’t be the typical homeowner that is facing foreclosure.
The typical homeowner that needs to stop a foreclosure in St. Louis simply gives up and lets their house get foreclosed on. Research has shown more than 65% of homeowners facing foreclosure let the bank foreclose on their property without seeking foreclosure rescue assistance.
Expert opinion varies as to why this is, but most agree that a large reason is people don’t realize that there are top short sale agents in st louis out there that specialize in stopping foreclosures.
Realize that procrastination is your enemy to stopping a foreclosure.
We’ve all been there. We’ve all had something in the background that we didn’t want to face. Part of you tells yourself that if you put if off, it doesn’t really exist. That little voice in your head that tells you, “I’ll deal with taking the steps to stop my foreclosure tomorrow.” This little voice in your head is your worst enemy!
The truth: the sooner you take action to stop a foreclosure, the better chance you have of succeeding. This leads us to the next foreclosure prevention step:
Step 2: Take action and contact a competent, specialized foreclosure rescue company.
Unfortunately, if you are facing foreclosure, there are predatory scam artists out there. Trust only companies that are foreclosure rescue experts, and members of the BBB.
How to stop a foreclosure step 3: Organize your personal information
After you have contacted a reputable foreclosure rescue company, the next step to take to stop foreclosure is to organize your personal documents. The foreclosure prevention process is sped up significantly if you can gather:
Recent bank account statements, mortgage statements, last two paycheck stubs, past two tax returns, letter of hardship.
This may sound like a lot of work, but we assure you that we will walk you through every step of the process and help you make sure that you get together everything you need.
Step 4: submit all of this information to your lender
The next step is that we submit all of this information to your lender, and discuss the appropriate foreclosure solutions to your circumstances. Remember, that most lenders want to avoid the foreclosure process because they make their money lending out their money, not owning properties.
Step 5: work out a foreclosure solution with your bank.
Although we help guide our clients through every step of the foreclosure prevention process, this is the step where our experience and foreclosure prevention expertise really pays off. Our negotiation skills with banks enable a much higher percentage of our clients to stop a foreclosure than if you were trying to seek a foreclosure solution on your own.
Take action, and fill out the form to the right to get the help you need TODAY!