Jan

29

Neighbor Foreclosure? How To Help

Filed Under Mortgage Matters, Sellers |

In my last article entitled, Long Island Real Estate Market: How the Subprime is Impacting You, I talked a little about helping a neighbor who you suspect may be having a difficult time paying their mortgage bill. Neighbors have a way of finding these sorts of things out. However, finding out who’s having the trouble is one thing, helping them is another.

Afterall, you really just can’t walk up to their door and start talking about it. It’s a personal matter and most people would feel “funny” being that forward, not to mention that you may offend your neighbor and we don’t want to do that.

So, how do we help? First of all, using the USPS or United States Postal Service is a good start. I can remember back in grade school, mailing love letters to a girl up the block, “anonymously” of course (I blew my cover one day when I rode my bicycle up and down her block to make sure she got the jewelry box I put next to her mailbox). But seriously, mailing typed letters with resources is a good start. Another way is to actually print up pages from online resources and just send them in the mail.

Some great resources are located at www.hud.gov/foreclosure/index.cfm. Hud.gov is a fair and honest resource for homeowners. It allows the reader to feel secure and confident about their options. It’s a government resource filled with good basic information.

Another great resource is www.fha.gov/foreclosure/index.cfm. Here you will be able to print up some great information on how someone might obtain counseling from a HUD approved housing specialist.

These are just two simple ways you might be able to help someone in your neighbhorhood who is facing difficult times. As a full-time Real Estate Agent, I meet about ten people/families a month that are having one heck of a time managing all their expenses and most are in the fight of their financial lives to stay afloat. Sitting down with a real estate professional can be helpful, as long as that “professional” has their best interests in mind.

*For a free comprehensive and accurate market analysis of your home, call me at (631)587-1700, ext. 51*

(c) Copyright 2007

By Thomas McGiveron


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