It turns out that foreclosure is a great opportunity...although it may not seem like it

Perhaps you are only days away from your house being sold at auction.

This ten minute course will reveal important secrets...

What should you do? The answer is easy

There are certain simple steps involved in foreclosure and I don't know where you are with respect to those steps. But it doesn't matter. The important thing is to know what you should do now.

That means asking yourself, can you afford to remain in your house? (assuming you want to stay).

Add up what I call your urgent bills. Count utilities, tuition for your kids, property taxes, insurance, car. The essentials. Don't count credit card payments. Just the essentials that you must pay in order to live, if you know what I mean.

Now, what is your take-home income?

Subtract your urgent bills from your income.

Are you "in the black", meaning do you have enough income to afford your house?

Your house costs, including your mortgage payment, home insurance and property taxes should in general be no more than 40% of your take-home income.

Now, do you still want to stay or do you want to sell? In any event, you are ready for the next part of this course. Click here to learn about lowering your mortgage payments without getting a new loan.

<- Next ->