How to Stop Your Paradise CA Foreclosure

How to Avoid a Paradise CA Foreclosure   Contact the Lender Absolutely the first step to avoid a Paradise CA foreclosure is to contact the lender and let them know your situation. In many cases, they can work with you to temporarily modify payment terms until your situation is resolved.   Never, ever ignore late notices, letters or calls from your lender. They would much prefer to work together with you to resolve the situation, but will not hesitate to begin foreclosure proceedings if it appears that you are unwilling to work with them to avoid your Paradise  foreclosure. Redo Your Mortgage If you're still current on your payments, or not too far behind, refinancing may be a viable option for you. Refinancing your Paradise home will pay off your current mortgage and in many cases lower your monthly payment at the same time. It can be the most straightforward method to avoid foreclosure. Sell Your House This may be the toughest route to stopping foreclosure, particularly if you still need somewhere to live, but it may be the only way to stay out of trouble and prevent a black mark from appearing on your credit record. If you need to sell fast, there are home buyers in our area who will allow you to do that. They can close escrow quickly, or on whatever timetable fits your schedule, and possibly allow you to walk away with cash at closing. Protecting Your Credit Ultimately, protecting your credit must be your number one goal. Your credit report will be with you for the rest of your life, and having a foreclosure noted on it will cause problems for many, many years down the road — problems that only time will erase. Take steps now to keep that from happening. It may be difficult in the short-term, but the long-term results far outweigh the alternative.