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 Save Your Credit |
What if it's too late?
If you've missed enough payments, your mortgage company will likely foreclose on your house - that is, they'll use the legal system to take ownership of your house. Usually once a foreclosure has reached the mortgage company's attorneys, it's very difficult to stop the process without paying not only the missed payments but also the court costs and attorneys' fees. Unless you can come up with the money, or borrow it from family or friends, you're likely to lose your house and lose your credit.
Save your credit
In some cases, NORHOP can find an investor who is willing to come up with the cash to buy your house and payoff the mortgage company, court costs and legal fees. You'll still lose your house, but in most cases, you won't lose your credit. Obviously this is a last resort, but at least with your credit preserved you'll be able to more easily get out of debt and move into different, less expensive, housing.
To schedule a consultation, either fill out our on-line form or call 423-664-9600.
It’s free, there’s no obligation and it’s completely confidential.
