How to Avoid Foreclosure in Bradley Beach NJ

By now you have certainly heard or read about the ongoing rise in the foreclosure rate across America, thanks in part to rising interest rates and increasingly tight credit standards.

 Lulled into a false sense of security, many homeowners tend to think it can or will not happen to them, but would you know what to do if you were actually faced with foreclosure?  It is important to be familiar with the terminology and your options so that that you can make an informed decision on the best way to move forward in a stressful situation such as foreclosure.

This article from FreddieMac.com is a good resource that clearly defines the terminology associated with foreclosure and walks through some of the financing options you may want to consider.  Among the topics covered in this helpful article:

  • What to do if you can not pay your mortgage
  • What if you can no longer afford to keep your home
  • Beware of scam artists

I would also add to the list of steps to take when facing foreclosure – contact an experienced Realtor!  Along with a reputable lender, an experienced Realtor can help explain your options and guide you through the choice that is right for you. 

For more information about Bradley Beach NJ real estate, please call me at 732-775-2774 or visit PatrickParkerHomes.com, I would be happy to help you.  To receive automated emails of new listings that match your criteria please click here!

Advertisements

About Patrick Parker Realty

Patrick Parker Realty, an independent boutique brokerage located in the heart of Bradley Beach is your local market leader. We understand the demands of a changing real estate market and avail ourselves of the latest industry information and tools to ensure excellent results. Our Commitment to You Our seasoned Real Estate Agents are committed to providing all of our clients, from first time sellers to veteran real estate investors, quality and friendly service. We walk you through every step of the sale process offering the guidance, feedback, and expertise needed to ensure your complete satisfaction.
This entry was posted in bradley beach real estate. Bookmark the permalink.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s