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December 27, 2007

Foreclosure

Foreclosure is a frightening word for those facing it. It brings up many emotions -- fear, anger, sadness, embarrassment. You feel as if everyone knows you are about to lose your home and looks at you as a big fat failure. It becomes difficult to hold your head up. Depression and insomnia kick in. Before you realize what's happening you've become a stressed out basket case, incapable of making simple decisions let alone embarking on a complicated process to save your home.

Foreclosure is stressful long before the actual process begins. Stress sets in the moment you are unable to make a mortgage payment. It's a gut-wrenching experience. You think you'll find a way to figure it out and put off calling your lender. You call your mother, father, sister, brother, and anyone else you might be able to borrow money from. You look for a part-time job or work extra shifts.

Real Estate Investing article on "Foreclosure "