Raleigh Residential Real Estate – Tips on How to Avoid Foreclosure on your Raleigh, NC Home?

Raleigh Residential Real Estate – Tips on How to Avoid Foreclosure on your Raleigh, NC Home?

With all the reported turmoil in the mortgage industry, I thought it would be important to address this topic and share some things that the Poling Team has learned.

While I will be sharing tips in this blog regarding tips for the Raleigh Area, they will generally apply anywhere in the US.

First of all, don’t ignore the issue – It only gets harder to recover when you get further behind. It also becomes more likely that you will lose your house.

Secondly, as soon as you have a problem paying, give your lender a call. Lenders are not in the real estate business. Most want to help you as it usually is in their best interest for you to keep your home. They may have options available.

Thirdly, respond to all mail from your lender. Early letters may contain options for you that may help you avoid foreclosure. Also, the letters may contain legal notices that may require action on your part. Ignorance is not a valid excuse and it is better to know about a problem so you can begin to deal with it.

We have a number of good lenders that we can recommend should you want to consider refinancing. Contact Us if we can help in any way.

More tips to come…