What brought you to our website? If your financial problems
are keeping you up nights worrying, stop worrying and take action. It'll help
bring you some peace of mind. Here's what you can do to start dealing with
your financial issues now.
Accept that your financial
problems are a big deal, and that you need big professional help.
Don’t try to scrimp
and save on the cost of qualified legal or financial advice. Free advice
from your realtor, your Mom, your neighbor, or your boss can end up
being very expensive if you run afoul of the law or if their strategy
doesn’t work. If you have a family attorney who merely dabbles
in financial issues, he likely lacks the expertise to advise you
about all your options.
Hire an attorney with specific experience in handling
financial issues, an attorney who will take the time to understand
your unique circumstances.
Every lender and, indeed, every mortgage loan is different,
and your financial problems, your family issues, and your ability and
willingness to tolerate risk and stress make your situation unique. An
attorney experienced in solving financial problems can provide you with
proper guidance so that you can stop worrying.
Start by organizing your financial records. You will
need to bring paperwork to any meeting to discuss foreclosure.
Being prepared can go a long way toward
some peace of mind. You'll need:
- Your ID, such as a drivers license and your Social Security card.
- Tax returns from the past year or two.
- Income records from the last 6 months, such as pay stubs,
or if you're self-employed, a profit and loss, broken down by month.
- Payment coupons for mortgages or other document to show
your ongoing monthly mortgage payment, monthly escrow or impound contribution
for taxes and property insurance (if paid through mortgage), and the approximate
principal balance on home loan.
- Escrow or mortgage settlement, or closing statement provided
to you upon purchasing or refinancing your home, if available.
- Notice of Default and other correspondence from your
- Lawsuits/judgment/garnishment/foreclosure paperwork.
- A List of your necessary living expenses.