Keller WIlliams Luxury Logo
Home » Foreclosure Help

Foreclosure Help

by | May 23, 2008 | Investing | 0 comments

Do you know of someone who may be facing foreclosure? There are simple things people can do to avoid it or make the process go easier.

Here are some tipcs from Biltmore Capital Group:

1) Don’t hide. Open the mail; answer the phone. Respond.

2) Be proactive. Contact the bank or lending institution and discuss your financial situation.

3) Know your mortgage rights. Review loan documents so you know what your lender may do if you can’t make payments.

4) Avoid foreclosure prevention companies. Don’t pay money for foreclosure advice.

5) Contact a HUD-approved housing counselor. The U.S. Department of Housing and Urban Development (HUD) funds free or very low cost housing counseling nationwide.They’ll help you understand the law and your options, organize your finances and represent you in negotiations with your lender if assistance is required.

6) Prioritize spending. After health care, keeping your home should be your first priority. Review your finances and see what spending can be cut in order to make your mortgage payment. Look for optional expenses – cable TV, memberships, entertainment – that can be eliminated. Delay payments on credit cards and other “unsecured” debt until you have paid your mortgage.

7) Use other assets. Do you have assets such as a second car, jewelry, a whole life insurance policy-that can be sold to help reinstate the loan? Can anyone in the household bring in additional income?

Recent Posts

So, You Want a Place on the Ocean?!

So, You Want a Place on the Ocean?!

By Dan Polimino Of course you do! I was meeting with a client at a local eatery and he said to me, “It’s always been my dream to have a place in Hawai`i right on the ocean.” And why not? I mean, it’s one of the reasons why you would move to Hawai`i or own a second...

read more
September 2025 Featured Restaurant & Activity

September 2025 Featured Restaurant & Activity

Featured Activity: Atlantis Adventures Submarine Tour Discover the magic of Kona’s undersea world while diving over 100 feet beneath the sea in an eco-friendly, 48-passenger submarine. Learn about Kona’s marine mysteries in the air-conditioned comfort of this Coast...

read more
July 2025 Sales Statistics for the Big Island West Coast

July 2025 Sales Statistics for the Big Island West Coast

July real estate activity continued to be slow in the resorts along the Kona-Kohala Coast, with just a single home sale in Kūki`o and five condominium sales – two each in Mauna Lani Resort and Waikoloa Beach Resort and one at Kohanaiki. On the upside, these properties...

read more
June Market Statistics for the Kohala Coast

June Market Statistics for the Kohala Coast

Real estate activity along the Kona-Kohala Coast was quiet in June, with only a few condominium sales and no single-family home sales within the resort areas. The exception was Mauna Lani Resort, which was the bright spot with six condominium closings. Mauna Kea...

read more
Featured Big Island Restaurant & Activity for August

Featured Big Island Restaurant & Activity for August

Featured Activity: A Day Trip to the East Side – Explore ʻImiloa Astronomy Center Located on the University of Hawaiʻi-Hilo campus, ʻImiloa Astronomy Center is a must-visit destination for anyone curious about the stars, Hawaiian culture, and the art ofnavigation....

read more

Recent Listings

Call Now