The question of the day is how can someone avoid Foreclosure? First we have to start with defining some terms. Foreclosure is a process by where the bank takes back a property for failure of the owner to live up to their financial obligations. While that definition may seem quite black and white, it should not. NO ONE WANTS TO HAVE THEIR HOME FORECLOSED UPON.
No One. Out of the literally 100’s of the clients, we have met with in our offices that have wanted more information about the foreclosure process and how to avoid it, not one has told us, “Oh Yes – I want my home to be foreclosed on by my bank…”
Never. However they did want more information about Deed’s in Lieu. They wanted us to explain to them about Principal Reduction’s and what sources to look for regarding that option. We have also gone into explanations about Loan Modifications and why a person’s best bet is to stick with their bank and how to get the bank to listen. We also cover the Short Sale process and why that is a great fit for some and a horrible fit for others.
During our “avoiding Foreclosure Workshop” for the Santa Clarita residents held in our offices, we also talk about Foreclosure and how that process works. click here to see our Santa Clarita real estate offices.
We hold “Avoiding Foreclosure” workshops in our Offices at REMAX of Santa Clarita Offices of Paris911. You can attend when you are ready and we are flexible as to when they are held. Some are held on a group basis and others are one on one. It depends on how “private” our real estate clients want us to help guide them through the process. Click here to register for our Avoiding Foreclosure Seminars