The effects of the coronavirus pandemic are being felt in all aspects of our lives. Many of our family and friends are out of work and the stimulus checks did not go far enough.

To help those in need, I have released a guide for anyone that may be facing foreclosure or possibly heading that way in the months ahead. It's called 9 Hacks to Avoid Foreclosure and Keep Your Home.

You can get your free copy of the entire e-book at www.9HacksToAvoidForeclosure.com.

I have provided an excerpt from the e-book below. May God continue to bless you and your families.

Janetta

Even if you aren’t facing foreclosure yet, are you suffering from financial difficulties that may result in it?

If so, now is the time to familiarize yourself with the process. Foreclosure can be scary for homeowners, but you can protect yourself by:

1. Knowing what will happen.
2. Knowing what you can do.
3. Knowing what your rights are.

Mortgage lenders must and will provide you with proper notice. In fact, you will receive multiple written notices and telephone calls.

Foreclosure should not come as a surprise to you.

Neither should the eviction notice that may arrive later. As soon as you start receiving calls or letters from your lender, it is important to take action.

As for what action you should take, that leads to another important fact:

"Banks want to avoid foreclosure just as much as you do."

Many homeowners are actually surprised to learn this.

Many times, lenders lose money when selling a foreclosed property. For that reason, you should speak directly with your lender as soon as possible.

When doing so, try to have this meeting in person (not always possible) and meet with a higher-ranking lending official, such as the chief loan officer or a branch manager.

Since banks want to avoid foreclosure whenever possible, it's important to go into detail about your financial situation.

• Are you only experiencing temporary problems? For example, did you suffer an illness or injury that will put you out of work for a few months?
• Were you laid off, but are you actively looking for a job now? If so, your lender may be willing to work with you.

If you can prove that you intend to get your mortgage back in good standing, your lender may temporarily accept smaller payments.

As for the foreclosure proceedings themselves, the process will all depend on the state, county, or city in which you live.

Unfortunately, this is a fact that many homeowners facing foreclosure do not know or do not take into consideration.

If you intend to seek professional help, from either a housing counselor or an attorney, it is important you choose a professional who is familiar with your state’s laws on foreclosure, as they vary from state to state.

For example, some states are considered judicial foreclosure states. A judicial foreclosure is where the lender must file an official complaint against the borrower.

In non-judicial foreclosures, lenders insert a specific clause in the mortgage agreement that states that the borrower authorizes the sale of the property when delinquency occurs.

Georgia is a non-judicial foreclosure state.

That is why it is important to know your state’s foreclosure laws.

Before the foreclosure process starts, now is the time that you should start looking for other arrangements. Unless you come into a large amount of cash to pay off your mortgage, your best option may be to move or sell your property to an investor that can take over your payments or pay you cash.

Although you may not be required to leave your home until you are served an eviction notice by the lender or new property owner, it is a process that you should start planning and preparing for.

• Where do you want to live?
• If you will rent an apartment, how do you intend to pay for the security deposit?

These are some of the questions that you need to have answers to.

Get all 9 hacks to help you avoid foreclosure and keep your home. Click the link below to get your Free e-book today.

www.9HacksToAvoidForeclosure.com