Federal Regulations Make Lenders Work with Customers
Good news for people that are behind on their Mortgage!
Federal Regulations state that A lender must work with the Homeowner to address back payments before they foreclose if the Homeowner asks the lender.
In many areas Mortgages are so large and Monthly payments take most of the income from working families. When they get behind they beleive there is no way they can get even again.
Nothing can be further from the Truth. If the Homeowner can afford the monthly payment moving forward a solution can be found and Banks must work with Homeowners to address the back payments.
Homeowners need to keep their head and address the issue. Donít put your head in the sand the problem will not just go away but it can be resolved.
It bothers me to see homeowners just give up on there homes that they have lived in and worked to maitain because they have run into financially hard times. It is to the benefit of the community and all involved to work something out to keeep a neighborhood stable.
The problem is most homeowners donít know where to turn. We are here to help.
- Contact Information
- Donald Griffith
- Real Estate - Debt Consultant
- Captial Realty & Brokerage LLC
- Contact via E-mail
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