I selected this story to share because it shows how someone found themselves in the foreclosure mess simply due to inexperience, a bad economy and trusting others. In this case, Jason started out right. He was a batchelor with good income and got advice before settling on a small house that he could afford. One of his biggest mistakes was that when he knew the house was going to foreclosure, he didn’t talk to his mortgage lender. In some cases, there are things they can do to keep you in the house. He had gotten another job and had something to bargain with but avoided them instead. It never hurts to talk but don’t rely on the person who keeps calling you about a payment. Ask to talk to a supervisor or someone who might be able to help you. Believe me, it pays to be proactive. It’s called, A True Story About Foreclosure in Dayton, Ohio.
Tags: foreclosure, mortgage, story
