Financially Distressed Homeowners Have Options

Elgin Fox Valley, IL – Homeowners face a stressful situation when they can’t make their mortgage payments.  Creditors, lenders, lien holders and the homeowner’s association can all come down fast and hard on a homeowner.  Deciding to stay in the home or simply walk away is a hard one to make, and everyone has their own unique situation.

Here is a useful article from Active Rain for the folks out there who are upside down on their mortgage, have lost income or a job, hit a bump in the road or just cannot afford a mortgage that has adjusted to a higher rate and what some of the options are.

http://activerain.trulia.com/blogsview/3406405/options-for-financially-distressed-home-owners

 

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