Sometimes in Life a Little Rain Falls

A Child's Garden of Verses

       Verse 142

Author: Robert Louis Stevenson

Illustrator: Jessie Willcox Smith

Sometimes in life a little rain falls and you experience financial difficulties just like the rainfall we had here in the Los Angeles area in mid-September. With no rain for a couple of months, the road got hazardous with the first drops. A few drops isn’t bad, but we had two inches in places and 2,500 lost power in Montebello.

In life, sometimes a loss of a job, or an adjustable mortgage payment spikes, or medical bills get to be too much, and all of a sudden it gets hard to make payments. If you get to a point where you are skipping the mortgage payments, or you borrowing on one credit card to pay another, or you have to decide between food and some financial emergency, you are experiencing hazardous financial conditions. When you start missing payments on the house, you are running a big risk of losing the house in foreclosure.

Don’t ignore the warning signs. The approaching signs of trouble should spur you into action.

Contact your lender and level with them. They may be stunned by the extent of your problem, but they have seen this before and will demand you take steps to fix it. That may require you selling your toys and making major cuts in your spending.

Do not ignore your mail. Many have been in your shoes. The first thing many did when the mail came was throw the bills in a drawer. Those first envelopes will contain helpful suggestions to get things under control. Then will come legal action. Ignoring these notices can cause you to lose everything.

Know Your Rights - You can participate in pre-foreclosure mediation with your lender to discuss options to avoid foreclosure. Also, once the foreclosure has started, you have the right to cure the mortgage default by paying the past-due amounts, although you must do so within a certain period of time before the sale.

You can fight the foreclosure by challenging the technical rules or you can seek bankruptcy. Credit.com says, “A bankruptcy filed before the foreclosure sale will “stay” or temporarily stop a foreclosure…”

Contact Professionals – Your banker may be able to refinance the loan or your creditors may be able to give you repayment options. Contact a credit counselor. Sure you will feel like a failure or worse, but take responsibility for your actions. Contact a bankruptcy attorney. That sounds contrary to taking responsibility, but you need to know your options so you can make informed decisions.

Contact a professional real estate investor.  You may want to sell your home fast to get out of the problem or to save your credit rating. Red Hill Real Estate Solutions is here to help homeowners out of any kind of distressed situation.  As investors, we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else.  Just the simple honest truth about your home and how we can help you sell it fast to resolve any situation.

Beware of foreclosure scammers. Do not sign over your deed to them and then rent it back. Real professionals do not charge up-front fees for their services or want you to make mortgage payments to them.

In summary, recognize approaching trouble, don’t procrastinate, do something, and seek professional help.

Red Hill Real Estate Solutions, LLC. is here to help homeowners out of any kind of distressed situation.  As investors, we are in business to make a modest profit on any deal, however we can help homeowners out of just about any situation, no matter what!  There are no fees, upfront costs, commissions, or anything else.  Just the simple honest truth about your home and how we can help you sell it fast to resolve any situation.

Give us a call today at 951-356-5440 to let us know what YOU need help with!