Are you facing foreclosure or are you headed towards foreclosure? If so, then you need to know that there are ways to avoid house foreclosures that are easy enough that anybody can do them.
All that is required is that you swallow a bit of pride, become disciplines, set a plan, and stick with it.
Here is what to do.
Start by evaluating your budget.
If you don't have a budget, then you need to sit down and put one together.
Track all your expenses for a month to get an idea of where your money is going.
You will be surprised how much money you literally throw away on crap that you do not need each month.
After tracking your expenses sit down and put together a detailed budget that includes everything you will spend money on in a year.
This needs to include things like car registration and other once a year expenses.
Next, find out what type of cut backs you can make.
You can make cut backs in areas that you are spending way too much money in, like eating out, buying coffee instead of making your own, and other unnecessary expenses.
After you have done this you can also check into government programs that can help you with your bills, food, and other expenses so that you can make even more cut backs.
Make sure that you don't cut back in an unrealistic way.
If you are spending $400 a month on entertainment expenses, then you need to cut back, but leave yourself some money each month for entertainment.
Also, work in a monthly reward for you and your family when you follow your budget correctly.
This could be the one night you take the family out to eat or out to a movie.
This needs to be something to look forward to so that you will stick to your budget.
Last, if you are already behind on your mortgage, then it is time to see what your mortgage company can do.
Don't ever just skip a payment.
Even if your payment is $800 and you can only afford $600 send it in.
A partial payment shows that you are still working on paying your mortgage, where as no payment at all says to the mortgage company that you are a dead beat and are done with paying on it.
Call them up and explain your situation.
They will find a way to work with you.
Remember, that the mortgage companies already have a bunch of house foreclosures to deal with and the last thing they want is another one.
These cost them money and they make more money if you pay your mortgage of, then if they foreclose.
You can get them to work with you as long as you are willing to work with them.
All that is required is that you swallow a bit of pride, become disciplines, set a plan, and stick with it.
Here is what to do.
Start by evaluating your budget.
If you don't have a budget, then you need to sit down and put one together.
Track all your expenses for a month to get an idea of where your money is going.
You will be surprised how much money you literally throw away on crap that you do not need each month.
After tracking your expenses sit down and put together a detailed budget that includes everything you will spend money on in a year.
This needs to include things like car registration and other once a year expenses.
Next, find out what type of cut backs you can make.
You can make cut backs in areas that you are spending way too much money in, like eating out, buying coffee instead of making your own, and other unnecessary expenses.
After you have done this you can also check into government programs that can help you with your bills, food, and other expenses so that you can make even more cut backs.
Make sure that you don't cut back in an unrealistic way.
If you are spending $400 a month on entertainment expenses, then you need to cut back, but leave yourself some money each month for entertainment.
Also, work in a monthly reward for you and your family when you follow your budget correctly.
This could be the one night you take the family out to eat or out to a movie.
This needs to be something to look forward to so that you will stick to your budget.
Last, if you are already behind on your mortgage, then it is time to see what your mortgage company can do.
Don't ever just skip a payment.
Even if your payment is $800 and you can only afford $600 send it in.
A partial payment shows that you are still working on paying your mortgage, where as no payment at all says to the mortgage company that you are a dead beat and are done with paying on it.
Call them up and explain your situation.
They will find a way to work with you.
Remember, that the mortgage companies already have a bunch of house foreclosures to deal with and the last thing they want is another one.
These cost them money and they make more money if you pay your mortgage of, then if they foreclose.
You can get them to work with you as long as you are willing to work with them.
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