Early Warning Signs of Foreclosure

Homeownership is a cornerstone of America that is protected, promoted and cherished. To lose a home for any reason is devastating, but to lose it through foreclosure can have a negative impact on your life for many years to come. If you live in Goodlettsville, White House, Springfield, Pleasant View, Hendersonville or any northern Middle Tennessee  please view the warning signs below:

                                                   Warning Signs of Foreclosure

• Credit card debt out of control. (Maxed out cards). Paying the minimum amount due
• Paying for necessities with credit cards (groceries, utilities, etc)
• Cannot meet monthly financial obligations (choosing which bills to pay)
• Borrowing from friends and family
• Loss of employment, or reduction in hours or wages
• Major illness which can cause loss of work and an increase in health expenses
• Divorce, separation or other traumatic family or personal situations
• Death of a spouse or significant other
• Cannot pay the new Adjusted Payment on the ARM mortgage loan
• Major unbudgeted maintenance expense

Excessive debt is the number-one cause of financial collapse and foreclosure.

If you detect any of these warnings, early intervention could help save your home.