Call or e-mail me to learn about your legal rights. Maybe all is not yet lost... Lowell Steiger, Attorney at Law (323) 852-1100 *************************************************************************************************** Homeowner’s Checklist for Avoiding Foreclosure: Part 1 of 4
How has the Subprime Crisis affected you?
You may not be having financial trouble now, but many people do have money problems at some point in their lives. This checklist is not comprehensive and is not intended to provide legal advice. If you need legal advice, you should speak with a lawyer -- whether it be me or another attorney who can help you in this area.
The best way to avoid foreclosure is to make your mortgage the first bill that you pay each month. However, that is not always possible. The following pages provide general suggestions and ideas as to how you can prepare for and work through tough times.
I will be publishing this Checklist in Four Weekly Installments (see schedule below). However, please e-mail me at lowell@steigerlaw.com if you would like the entire checklist and I will be happy to forward it to you immediately!.
Publishing Schedule of Homeowner’s Checklist for Avoiding Foreclosure
April 12, 2008: Before Trouble Starts
April 19, 2008: When Things Start to Feel Tight
April 26, 2008: After Falling Behind
May 3, 2008 : Other Things to Know
Before Trouble Starts
Start a file, in a safe place, for records relating to your home.
· Purchase and sale agreement
· Mortgage application
· Closing documents
· Property tax bills
· Property insurance information
· Letters you receive from and copies of letters you mail to the bank
· Use checks or money orders to pay bills.
· Do not send cash
· Do not use credit cards
· Keep a record of all payments (date paid and check number)
· Correct errors quickly
· Pay high priority bills first.
o Food
o Mortgage
o Utilities (heat, hot water, electricity, gas)
o Do not pay credit cards or other unsecured debts before the mortgage
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