August 3rd, 2008 9:41 PM by Mary Schwarz
Foreclosure has hit our front page at least twice this week. St. Louis has not been completely protected from our nation's upturn in foreclosures. Many folks are now dealing with a high interest rate that has recently reset and increased their monthly mortgage or have experienced a financial hardship or life change and need to move but can no longer sell their home for the value of their mortgage payoff. Regardless of the situation, the bottom line is the same. The bank is calling and they are threatening to take back your home.
If you are in this situation or feel it could happen in the future, ACT NOW! Be proactive and try to save your home. Do not be afraid to talk about it...you are not alone. There are several options available to help. Many banks are willing to re-establish mortgage terms, non-profits are working to provide financial assistance, trust-worthy lenders are able to refinance you loan at a fixed rate, you lender may approve a short-sale, and so on.
Please contact us (314.239.9714 office, 314.602.5446 cell) to arrange a pre-foreclosure consultation. We can help direct you to various resources that may help save your home. Our goal is to help our community through these challenging times and help your family keep their home.