Foreclosures Help Information

Posts Tagged ‘foreclosure help california’

Foreclosure Help

Question: How bad is a foreclosure on your credit and how can I best avoid it?

I am not in foreclosure yet, but I recently lost my position and we have very little savings so I don't know that I will be able to save my house. We just got into our home in July and then my company lost a major account and I was out of work. I am doing sales now, but that is commission based and slow to pay. I have no equity in my home per se, and i live in California. I guess I'm wondering with the market the way it is, it might be better to walk away and try again in a few years.

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Answer: Sell ...it's the only chance you have....otherwise your credit would be destroyed for a long time....you wouldn't be able to even rent in a good place.....you would end up in a crimeridden roach infested motel somewhere.

Good luck.

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