Avoiding Foreclosure Washington DC

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

Academy Mortgage
(202) 396-5813
4215 Hayes St Ne
Washington, DC

D.C. Housing Finance Agency
(202) 777-1600
815 Florida Ave., NW
Washington, DC

1st Advantage Mortgage
(202) 726-9850
3551 Georgia Ave Nw
Washington, DC

1st Metropolitan Mortgage
(202) 882-5626
743 Park Rd Nw
Washington, DC

AFS Mortgage Inc
(202) 232-8434
1715 Kilbourne Pl Nw
Washington, DC

Foundation Trust Mortgage LLC
703-875-2221
1730 N Lynn St
Arlington, VA

Heritage Mortgage
703-892-0636
2530 18th St S
Arlington, VA

Mtg Services
(202) 625-1221
2233 Wisconsin Ave NW
Washington, DC

B F Saul Mortgage Company
(202) 575-4059
2831 Alabama Ave SE
Washington, DC

Equitec Inc
(202) 575-0900
5349 E St SE
Washington, DC

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

Academy Mortgage

(202) 396-5813
4215 Hayes St Ne
Washington, DC

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