Avoiding Foreclosure After a Natural Disaster
When a natural disaster strikes, it has the tendency to temporarily turn our world upside down. It puts stress on us physically, mentally and emotionally. It also throws pocketbooks way out of whack and can put a serious strain on finances.
If you’re overwhelmed at the prospect of rebuilding, you may be thinking you need to walk away from your home and let it go into foreclosure. There are a variety of reasons why that’s not ideal. At the same time, your mortgage lender should have the resources to be able to help you during this time. We’ll go over some options that may be available to assist clients affected by natural disasters.
If you’re considering a foreclosure, you should know the ramifications. It also helps to know the resources that are available to help keep you in your home. Let’s go over those.