Five Things to Do to Save Your Home From Foreclosure

1. Act quickly. Recognize that you are in financial trouble. Delaying or ignoring the problem will only make it worse.
2. Contact your mortgage company. They don't want to foreclose on your home any more than you do. They will be more likely to work with you if you are honest and contact them before you fall into foreclosure.
3.  Request a loan modification. Sometimes the mortgage company will modify the terms of your loan in order to reduce your monthly payment.
4. Get expert advice. A professional consultation from an organization like HUD will often give free or low priced advice to lead you in the right direction. 
5. List our your financial assets. Knowing where your money is going can help you prioritize your financial obligations. Cut down where you can in order to make your mortgage payment.

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