Dangers of Foreclosure

I hate to say this but once a foreclosure is final, the financial and emotional disruption is far from finished. The good report is if you have had a foreclosure you could eventually become homeowners again However if you sell your house or sign over that deed beforehand you can bypass the trouble altogether.

If you could get out a forclosure would you?

Outcomes of a foreclosure

  • Receiving a surprise tax bill
  • Finding a new residence
  • Giving employer, landlords, credit card companies, car dealers an explanation
  • Surviving through the loss
  • Undergoing the credit results
  • Purchasing another place