Pending Divorce Can Make it Hard to Prevent Foreclosure

We've been really busy lately working with clients on preventing their foreclosures from happening. We always get some calls each month from folks with only a couple days to go before their auction date. These are always challenging, and often the banks are NOT willing to stop the auction when it is that close to happening.

One call we got last week was particularly sad. It was from a lady who was going through a divorce and just found out that her soon-to-be ex-husband was not making the mortgage payments, so the house was going to auction in two days, and there was nothing that could be done to stop it. Since both she and her husband were both on the loan, the foreclosure would be on HER credit too, not just on her husband's.

These situations are always sad, and underscores how important it is to start EARLY to stop the foreclosure from happening, and also to keep communicating with the other spouse to make sure everyone is aware of what's going on. If both parties can be on the same page about what's to be done with the house, it makes our job much easier, and we can provide the best possible outcome for our clients.

If you are facing a foreclosure situation, please call our free educational message at 1-800-433-8563 extension 86186, and leave your name, address and phone number. We'll get back to you right away.