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Options when you are facing foreclosure

If you are among the many who believe they are only a missed payment or two away from foreclosure, you may feel a large amount of anxiety as you try and navigate through the process of saving your home. You may have already tried improving your ability to pay each month by relying on tactics such as taking on a second job or renting part of your home out to a paying tenant. If such efforts proved fruitless, however, you may have reached the stage when you are trying to determine whether to continue to fight for your home or make the difficult decision to fold.

3 tips for preventing foreclosure

Missing mortgage payments can lead to the threat of foreclosure. If you struggle to stay on top of your house payments and are afraid of losing your home, you should take action and seek necessary help as soon as possible. Acting now will help you avoid headaches down the road, such as more expensive options, paying a deficiency judgment or losing your home altogether.

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