Many people who lose their home to foreclosure do so without knowing and reviewing other alternatives. If you are at risk of losing your home, here are some things you can do to learn more about your options:
First and foremost, talk to your lender. You and your lender may be able to work out an alternative to foreclosure.
Educate yourself. The Dane County Housing Authority provides some useful online materials, including:
- How to avoid foreclosure on your home
- The foreclosure timeline in Wisconsin
- Responding to a foreclosure lawsuit
Talk to an attorney. The Lawyer Referral and Information Service (608/257-4666) can put you in touch with an attorney who handles cases like yours.
Consult with a Realtor who specializes in short sales. Your Realtor can help you determine whether or not your home will qualify for a short sale. If it does qualify, he'll outline a plan that will help to get your home sold prior to the sheriff's auction.
Have a good day,
Dan Miller, Realtor, Certified Distressed Property Expert, Keller Williams Realty and DaneCountyMarket.com
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