Homeownership after Foreclosure

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Posted by Reinstatement Services, Inc. on August 20, 2003 at 12:57:12:

In Reply to: Foreclosure posted by Michelle on August 20, 2003 at 08:51:42:

Assuming this action culminates in foreclosure, of course you'll be able to own a home again. It will just take some time. Rebuilding your credit will be necessary.

Depending upon the type of loan you have, you may be eligible for a number of workout options that your lender has not yet explored with you.

You might try contacting the workout department in your lender's camp as a first line of defense in getting your loan back on track...even at this stage in the game.

There are other approaches to remedy that can also be explored but each will come with their own cost, which in the end...might be well worth the expense.

• Default and Foreclosure Solutions

Follow Ups:

• Re: Homeownership after Foreclosure - Michelle 15:56:29 08/20/03 (8)
  • An exercise in Financial Gymnastics (url) - Reinstatement Services, Inc. 15:32:07 08/21/03 (7)
    • Re: An exercise in Financial Gymnastics - Michelle 16:50:42 08/21/03 (6)
      • Judgement vs Fact (url) - Reinstatement Services, Inc. 18:56:32 08/21/03 (5)
        • Re: Judgement vs Fact - Michelle 19:37:58 08/21/03 (2)
          • Re: Judgement vs Fact - Michelle 19:50:59 08/21/03 (1)
            • I'm not an unreasonable person... (url) - Reinstatement Services, Inc. 22:15:32 08/21/03 (0)

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: Assuming this action culminates in foreclosure, of course you'll be able to own a home again. It will just take some time. Rebuilding your credit will be necessary.





: Depending upon the type of loan you have, you may be eligible for a number of workout options that your lender has not yet explored with you.





: You might try contacting the workout department in your lender's camp as a first line of defense in getting your loan back on track...even at this stage in the game.





: There are other approaches to remedy that can also be explored but each will come with their own cost, which in the end...might be well worth the expense.








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