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  • Writer's pictureDaniela Muhammad

Top Problems Faced By People In Foreclosure

Foreclosure on your mortgage is what happens when you don't pay your loan or stop paying it. It can be a very difficult, drawn out process for many property owners and if it's worrying you.. please look at these mistakes below and learn from them!

1. Doing Damage To The Property

This is quite self explanatory. Doing any damage to the house / property will come back to bite you, if the lender wishes to report the vandalism you may be liable for even more money then previously stated!

2. Not Having Any Savings

With foreclosure, closing in on you - you need to be prepared to find a new place to live. Having savings will definitely help you to stay out of trouble until you can figure out the next plan. Foreclosure has a negative impact on your credit rating which may make it difficult to obtain another loan to purchase a property or even to rent!

3. Ignoring Any Form Of Contact From The Lenders

Talking to the bank can be embarrassing and for obvious reasons you'd feel like avoiding it all together.. however ignoring the phone calls, emails, letters or anything of the sort sadly won't make it all go away. If you don't talk to your bank / lander it may just be the worst thing you can possible do. They're there to help you with options to save your home!

How Can First Choice REI Help Me To Avoid Foreclosure?

We pay CASH to people who are wishing to sell their property here in Arizona and offer FREE valuations on their homes ( We won't inflate our valuated or be influenced.. we'll give you the truth! ). If you're based in Phoenix, Tucson or Flagstaff or anywhere in between in Arizona - we'd love to hear from you! If you're looking at selling, want a FREE valuation and OFFER on your property within 24 hours use the link here - Or call us here - (623) 363-1440

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