Together, we can prevent foreclosure

Foreclosure is a very serious and stressful situation. The entire country has been affected by this ugly virus. As a foreclosure prevention specialist, I have seen and heard a lot. My job is to fight foreclosure by educating my client, being a communication line between my client and the bank or mortgage company, and to guide my client through the transition process, if needed.

There are some things that can be done to prevent foreclosure.

It’s about YOU: Communication with the mortgage company or bank should begin before you get to the foreclosure process. You can also speak with a foreclosure prevention specialist to learn of ways to prevent foreclosure.

It’s about ME: I can educate and provide options when the foreclosure process begins. I can assist you in speaking with the mortgage company or bank. If staying in the home is no longer an option, I can assist you in the transition process.

It’s about US: We can work together to come up with a successful strategy before, during and after the foreclosure process has begun.

You have options. Recently the State of Ohio received funds to help homeowners who have lost income in the past year, due to job loss or downsizing, to get caught up on their mortgage payments. Other options that you may be offered through your lender are forbearance, special forbearance, mortgage modification, deed in lieu of foreclosure, or short sale. Every situation is unique and handled individually.

To discuss your options, call the Home Repair Resource Center at 216-381-6100.

Denise Black is a foreclosure counselor with the Home Repair Resource Center.

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Volume 4, Issue 1, Posted 12:08 PM, 12.15.2010