… it probably won’t be coming.
I talked to a gentleman recently who was at the end of his redemption period and still trying to save his house. At this point he hadn’t made a payment in over 9 months. He asked “isn’t there some new federal programs or something that can help stop the foreclosure?” While new legislation was signed last month to help more homeowners, for most people it won’t be the rescue they were expecting.
This story is the best I have seen that tells the truth about this new legislation – it helps very few families, and even the people it helps now, it may not be a long term answer.
With Michigan foreclosures still on the climb, you best bet is to realize the Calvary is not coming in the last hour to save you. The sooner you take action, the more options you have. Sadly for the gentleman at the end of his redemption, he has no choice but to move. Time has run out on him. There’s not even enough time to try a short sale.
Has time run out on you as you do nothing and wait for the Calvary? I hope not. Call Emily (aka Mom) now and find out what you still have time to do and if we can help you.
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