When you fall behind on your mortgage payments, things start to happen quickly. In most cases, these things are unpleasant or even frightening. Notices begin to appear in your mailbox, your phone begins to ring unmercifully, and the lender who loaned you the money for your home is not as friendly anymore.
Worse still, many people (mostly investors) try to contact you (even show up at your front door) to take advantage of your situation. It seems incredible that anyone would prey on those who are struggling to pay their bills, but this happens every day.
You may receive suggestions even from family and friends that suggest you sell your property to them or even a third party so that you can avoid foreclosure (DON’T DO THIS!!!! You will make it worse on yourself, if you do that). This Rarely works!