|
|
|
For Home Buyers:
Why Buyers Choose John Fowler - Why homebuyers looking for a real estate agent in the Fairhope, The Eastern Shore and Baldwin County area choose John Fowler. Latest Listings - Get John Fowler's latest Fairhope, The Eastern Shore and Baldwin County listings of homes for sale first! Find Your Perfect Home - John Fowler will search for your ideal home and email you the newest Fairhope, The Eastern Shore and Baldwin County MLS listings of properties in Bladwin County AL. First Time Homebuyers - Are you a first time homebuyer in Fairhope, The Eastern Shore and Baldwin County, AL? Choose a top real estate agent. John Fowler can guide your home buying search. Mortgage Prequalification - Pre-qualify for a mortgage or loan for your Fairhope, The Eastern Shore and Baldwin County house or other real estate or property. Go to Main Sitemap - Main sitemap sections include Find Fairhope, The Eastern Shore and Baldwin County Homes, For Home Buyers, For Home Sellers, Fairhope, The Eastern Shore and Baldwin County Information, Real Estate Resources, and About John Fowler. 
 |
Foreclosures >3. How To Avoid Foreclosure If you’re behind on your mortgage payments, have no fear. The U.S. Department of Housing and Urban Development has some really good tips what to do to avoid foreclosure.
- Don’t ignore it. The longer you put off your situation and get behind in your finances, the more likely it will be that you will lose your home to foreclosure. As soon as a problem arises...
- Contact your lender. Your lender will be the best resource to help you avoid foreclosure.
- Check your mail. Your lender will send you important information about avoiding foreclosure and also legal documents in the mail. You’re responsible for these documents and will be held accountable for them.
- Know your rights. Make sure you know the ins and outs of your loan documents so that you can be prepared for what your lender can and can’t do. Be sure to also know the foreclosure laws in your state.
- Understand your options. Visit the U.S. Department of Housing and Urban Development website to get informed.
- Contact a HUD-approved housing counselor. Call (800) 569-4287 to talk to someone who can help you understand your options.
- Your house should be a priority. Your house should be your first priority after the health and well being of you and your family. Eliminate any optional spending (cable TV, Internet, etc.) in order to make your house payments.
- Use your assets. If you have assets (expensive jewelry, a car, etc.) you can sell those and use the cash you gain to help reinstate your loan.
- Stay away from foreclosure prevention companies. These companies will charge you outrageous fees to contact your lender and negotiate your loan. Just save your money and put that toward your mortgage.
- Watch out for foreclosure recovery scams. Some firms may claim to stop the foreclosure process for you immediately and require you to sign your life away for them to do so. Consult your HUD-approved counselor before signing anything.
|
|
| Q |
What is the maximum interest you can deduct on your federal tax return to purchase or improve a first or second home?
|
| A |
One of the greatest benefits of home ownership is the federal tax deduction for interest up to, but not exceeding, $1million. |
 See More Real Estate Trivia > |
|
NUMBER1EXPERT®
© Homes Media Solutions™, a division of Dominion Enterprises and/or its clients.
All rights reserved. All information deemed reliable but not guaranteed.
|
- NUMBER1EXPERT® 
