Austin Texas – What can you do if you are facing a foreclosure? One of the scariest and worse case scenarios for a homeowner is getting behind in your payments and now foreclosure is leering around the corner. You feel as though you have let everyone, yourself included, down. You feel embarrassed, even if you haven’t received the foreclosure notice with your auction date yet. So now what?

Click here to discover how other sellers successfully did a short sale and avoided foreclosure.

Here are a few tips to help you out:

1.) First off if you’ve been getting letters “threatening “ foreclosure you need to step up and take action NOW. Ignoring these letters until you actually get a “foreclosure auction date” scheduled could end up being your biggest mistake.

2.) It’s time to sit down and figure out how far behind you are and if it is truly realistic to catch up your payments. Be honest with yourself about your situation and figure out a realistic budget and determine if catching up on your mortgage payments is even possible given your current level of household income, assets, and expenses.

3.) Keep in mind that, in all honesty, the last thing your lender probably wants is to own your home. They are in the “money” business, not the “home owning” business. If your bank is forced to take your home, they’re also faced with everything a “homeowner” is faced with; such as all of the maintenance, upkeep, heating bills, air conditioning bills, utility bills, HOA bills, real estate taxes, insurance, lawn service, and more. This comes down to one thing, they really don’t want to take your home and would probably much rather work with you to make “other” realistic arrangements that don’t involve foreclosing on you.

4.) Do not avoid your lender or the law firm handling your foreclosure. Call them and see what your current options are and start to see what can be done to stop, delay, or push-back your foreclosure date (if a foreclosure auction date has been scheduled). Once the actual foreclosure process begins it can be hard to stop; so you want to make sure you contact them immediately if you have missed any payments. If you reach a person that you simply cannot deal with and takes the approach of scare tactics and put downs, then immediately request to speak to their supervisor or simply hang up and call back and talk with another representative that is professional. You deserve to be treated with respect throughout the entire process and should demand such. The first question you should ask each and every time time you call is “Do I have an auction date yet? And if yes, what is my auction date?” The second question you should ask is “What are my options?” Don’t be surprised if you get “different” options each time you talk with a different representative or supervisor (this is common). Take notes every time you call and always get the name, direct number, and email address, of each person you talk with and what solutions and alternatives to foreclosure they are offering you. Each solution they offer you will have it’s own set of unique pros and cons you will need to consider. However, one “pro” each alternative they offer will all have in common is that they will all be better than being foreclosed on .

Once you start talking to the lender or foreclosure law firm representative, you may find they have many options to help you (like the following): 1. Short Sale 2. Reinstatement 3. Forbearance 4. Mortgage Modification 5. Rent the Property 6. Deed-in-Lieu of Foreclosure 7. Bankruptcy 8. Refinance 9. Service Members Civil Relief Act 10. Sell the Property. You are not the first person they’ve had who was in this position of facing possible foreclosure and you won’t be the last. Bottom line, there are many alternatives to being foreclosed on. Your immediate job is to find which alternative to foreclosure works best for you (so you can avoid the foreclosure). However if you have already missed a payment(s) you have a very limited amount of time to act.

Thinking about a bank short sale?
I can help you short sale your property and get back on your feet. Send me an e-mail at GeorgeKiefer@gmail.com. I will contact you for a free consultation.

When we talk, I will explain how the process works in detail and answer any questions you may have. Or, if you prefer, you can call me at (512) 970-0709

Discover how other sellers successfully completed a short sale and request a free consultation by clicking here.

Thinking about a loan modification? Our Austin loan modification kit has the instructions you will need to get a loan modification approved with your bank. Click here to request a copy.

Thanks for reading this, George Kiefer, GRI, CDPE.

George is a Real Estate Agent and Broker Assosciate at Keller Williams Realty. Austin Short Sales Realtor:

Phone: (512) 970-0709. GeorgeKiefer@gmail.com.

Assisting Homeowners in Distress

View My homes for sale at www.GeorgeKieferAustin.com.

George Kiefer specializes in loan modification assistance and short sales in Austin Texas. Austin Loan Modification Help, Austin Short Sales. Austin Short Sale Realtor Austin Texas Short Sales. Austin Realtor.

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Important Notice

George Kiefer, Keller Williams Realty, and the Stop Foreclosure Institute are not affiliated in any way, shape, or form with the government. Our services have not been reviewed or endorse by the government or your lender. Most lenders willingly work with agents on short sales. Why?

The views expressed here are George’s personal views and do not reflect the views of Keller Williams Realty.

This information on Austin Short Sales: Are you facing Foreclosure? is provided as a courtesy to our viewers to help them make informed decisions.