Fear of foreclosure is at the forefront of the mind of many families. Changes in the economy have led to skyrocketing interest rates and ever increasing mortgage payments. Rather than walking away from your home, consider a foreclosure loan. By refinancing your home with new terms, you can keep making payments and avoid foreclosure. However, this is a process that should be negotiated between a firm that employs both licensed and bonded mortgage brokers and attorneys and your lender. Homeowners should not represent themselves. In addition, the debt negotiations firm can advise you about potential tax consequences, as well as any impact to your credit rating. "We want our clients to understand each step of the process before they sign the newly negotiated contract. Though this is a good alternative to foreclosure, it is still a new contract, and should be evaluated," says a representative from Sell Home Owner, a debt negotiations firm in Portland, Oregon.
About the Author
Sell Home Owner in Portland, Oregon is a short sale service firm. They have years of experience, existing relationships and pre-qualified buyers that will enable them to provide services to homeowners who need to sell their house quickly. Contact them via their website www.sellhomeowner.com for more information.
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