Tips
Here are some tips that may help you avoid foreclosure.
- If you get behind on your payments, call or write your mortgage lender immediately. Don't ignore letters from your lender.
- Stay in your home to make sure you qualify for assistance.
- Arrange an appointment with a housing counselor to explore your options.
- Lenders don't have to accept all proposals and are not obligated to do so. So don’t wait till the last minute to contact your lender.
- Explore every alternative to losing your home.
- Beware of foreclosure rescue scams.
- Don't sign anything you don't understand.
- If the lender refuses to take partial payments, you should put this money aside to help negotiate with the lender later.
- If you're a senior citizen or are disabled and are facing a foreclosure action because of unpaid property taxes or special assessments, you may be eligible to postpone payment of your property taxes or special assessments under two programs in Washington. Contact your local County Assessor’s Office or an attorney for more information.
- The foreclosure process will continue despite the possibility of a workout agreement. Therefore, you should not wait to hear back from the lender, you should contact the lender early and try and come up with a solution as soon as possible.
- Remember that signing over the deed to someone else doesn’t necessarily relieve you of your loan obligation.
- Remember to use registered or certified mail in all your correspondence on legal matters.
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