Legal Aid is a good source of help for those in dire financial circumstances.
We Buy Houses Fast – Benbrook TX: We may all assume that most everyone has been on top of the home foreclosure situation and understands it. What if someone you know is headed in that direction but isn’t aware of what to do and how the process works? You can explain it in easy terms so they’ll know what they are facing and what they can do about it.
If someone is in financial difficulty and the lender has sent a pre-foreclosure notice to them, they may feel overwhelmed and at a loss for what to do about it. Perhaps they don’t even understand what it means. You can help by learning to explain foreclosure in simple terms.If you are not familiar with the real estate foreclosure laws where you live, find the information and familiarize yourself with it. You may be eligible for free workshops that explain the legal ramifications especially if you are helping someone else. Legal Aid is a good source of help for those in dire financial circumstances.
“Get tips on how to avoid foreclosure, common errors that people make, and anything else that might be useful information.”
If they don’t qualify for free Legal Aid, you can contact the Urban League or the United Way to find help and information on your state’s foreclosure law.Go to your bank and talk to a mortgage loan officer. Tell him or her that you would like to help a loved one or friend to understand the foreclosure process. Get tips on how to avoid foreclosure, common errors that people make, and anything else that might be useful information.
Get the process explained to you in simple terms, then parrot it back to the loan officer and ask if you have it right. Take notes so you don’t miss important points.Call a real estate investor and ask for an explanation of what they do. This is another option you can explain to your friend in foreclosure but you need to be able to explain it in simple terms. This is a viable option and many people have no idea that it even exists.If you are interested in learning how to help people understand their foreclosure situations, you can take classes that are available, funded through Congress, and part of the HUD program.
If it seems that the person would just as soon sell the house in a quick cash sale, have information ready to share regarding the options for getting out of the foreclosure before being evicted and ruining their credit.
Filed under: House Selling