How to Prevent Foreclosure

Posted on November 24, 2008 by Nancy Liu | Category: Real Estate

Facing possible foreclosure?  What now?

With Fannie Mae and Freddie Mac fell under, each day goes by the news becomes more worrisome.  “What happened in the past few days indicate that we are now in an economic crisis, and this crisis is still deepening, and will continue for a period of time.  We are looking at the biggest economic crisis since The Great Depression in 1929……”  Stocks have fallen to 8000 points, many are looking at their savings halved, and many others lost their jobs.

If for any reason, rather you’ve lost your job, accident, terminally ill, or investment failure, you’ve lost all your savings, and you can no longer pays the mortgage, you are immediately facing foreclosure.  Is there still hope?

This article is only for your reference. Please do not apply mechanically to any exact cases. You are welcome to consult our attorneys at Liu & Associates, P.C. For contact information, please click here.