If you are having problem paying your mortgage the first thing to do is call your lender and discuss your option with them. Ignoring the letters they send to you will not make the problem go away. Lenders are ready to discuss options with you and come to a favorable resolution to both parties.
Foreclosure should be the last resource after all options have been explored.
Sometimes the best thing to do may be to quickly sell the property instead of losing it to foreclosure.
If you have enough equity in your house- that is if you owe less than what the house is worth the best thing may be to sell .
If your property value is less than what you owe you may want to pursue what is call short sale to avoid foreclosure.
If you owe more than what your property is worth , having difficult paying your mortgage and want to find out what your options are please contact Keji Iluyomade @ Fairfax Realty,Inc 301-613-2043
Contact me @ 301-613-2043 or visit my website @ www.metrohomesrealty.com