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Friday, August 10, 2007

Pre-Foreclosure Options

If you have not been able to keep up with your payments on a property, or expect to fall behind soon, your options vary depending on several factors such as: whether the property in question is an investment property or your primary residence, how much equity (if any) you have in the property, whether or not you live in a “homestead” state, the nature and amount of the homestead exception, and if your mortgage is secured by insurance provided by FHA, HUD, FhMA, VA, or others. Over the next several posts, look for us to provide helpful and relevant information for each of these pre-foreclosure situations.

Foreclosure Help and Information: If you have specific concerns regarding your foreclosure or bankruptcy issues that are not covered in the blog, email us at foreclosureandbankruptcy@gmail.com