Avoiding Foreclosure Oakland CA

Foreclosure is one of the worst things someone can go through. Not only do they lose their house, but their credit is severely damaged. It is almost impossible to recover from, and can lead to even more problems down the road. However there are ways to avoid foreclosure and save you from losing your home and ruining your credit.

Local Companies

Bayline Mortgage
(510) 844-1805
678 65th St
Oakland, CA

Washington Mutual
(415) 543-0404
201 Mission St., 28th Flr.
San Francisco, CA

A & B Lending
(415) 357-4454
301 Howard Street Suite 870
San Francisco, CA

Jay Sondhi, FHA Specialist, Guarantee Mortgage
(415) 694-5512
636 4th Street
San Francisco, CA

Jay Sondhi, FHA Specialist
(415) 694-5512
636 4th Street
San Francisco, CA

Wells Fargo
(800) 441-4932
420 Montgomery St.
San Francisco, CA

Bank of America
(415) 622-2155
1455 Stockton St
San Francisco, CA

Integrated Mortgage
(415) 255-2222
1829 Market St.
San Francisco, CA

Bank of America
(415) 622-0283
1525 Market St
San Francisco, CA

Guarantee Mortgage Corporation
(415) 441-5050
601 Van Ness Ave., Ste. P
San Francisco, CA

Provided by:

STEP 2:

Stay current.

This may seem obvious, but so many times laziness takes over, and we forget to pay things. Make sure you have it marked down on a calendar or some type of reminder set that you pay your mortgage on time.

STEP 3:

Negotiate.

If you do start to see yourself struggling to make that monthly mortgage payments, go to your banker and negotiate. The bank does not want your house back, and many times they are willing to listen to you. Tell them your situation, and work out a plan to stay in your home and work out a new payment structure.

STEP 4:

Do a short sale.

This will take some advice from a real estate attorney or real estate broker. A short sale is simply selling your house for a steep discount, often less than what you owe, so that you don't end up in foreclosure. This helps you avoid foreclosure and gets you out of a bad situation.

There are many ways to avoid foreclosure and a few of them are listed above. You don't have to give up on your house, but instead work hard to stay in it.

Click here to visit HowToDoThings.com

Featured Local Company

Bayline Mortgage

(510) 844-1805
678 65th St
Oakland, CA

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