Wednesday, February 11, 2009

Don't Walk Away from your Home

News reports indicate that lawyers are now active in the mortgage problems. They are working with banks and lenders to bring suits against those who abandon there homes and/or use "jingle mail" - the practice of mailing the house keys to the lender.

Talk to the bank or lender who holds your mortgage - make them aware of your problem in meeting payments. If you miss 3 monthly payments, the bank will give you 90 days (in most cases) to do a "short sale" on your home, a much, much better option than jingle mail.

If you need assistance finding experts in the field of "short sales", I don't claim to be one, call me and I will put you in touch with some one that can help you. Under no circumstances give money up front to anyone who claims to be able to help you - most, if not all, asking for up front money will do nothing for you.

You can reach me at denis@denismarque.com for assistance.

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