Are you desperately searching Google for “foreclosure help near me?” If so, you, unfortunately, are not alone. Real Estate Advisor are there for you. Last year was not easy for many, many people with cities and states across the country limiting movement on individuals due to COVID-19 and thereby limiting their ability to work and for businesses to gainfully employ individuals in “non-essential” positions. While such restrictions were undoubtedly important in limiting the spread of the disease, it has led many to look for foreclosure help near me or near them as they struggle to continue to repay their debts. Other reasons for needing foreclosure help include a medical emergency, unexpected loss, or other events that caused a financial disruption.

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The good news is that you do not have to give up. You don't have to search for foreclosure lawyers and can instead work with the top ten mortgage lenders in your area to find an alternative like refinancing. In fact, there are a lot of mortgage foreclosure alternatives available to you. We are here as a real estate advisor for you. Let's take a look at the following:

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Mortgage Foreclosure Alternatives Every Homeowner Needs to Know About

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• Rent out a room. This seems like an obvious move but you'd be surprised at how many overlook such a simple option on their list of mortgage foreclosure alternatives. Clearing out an office or the guest bedroom for use by a tenant is a good way to earn the extra money you need to cover your mortgage. Depending upon where you live, the accepted rental rate for your extra bedroom may even cover the entirety of your mortgage.

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• Refinance. Refinancing with one of the best ten mortgage lenders in your area is a great way to bring your insurance rate down and lower your monthly payments to a price you can then afford. Note, to refinance you will need a decent or good credit rating and a significant amount of equity in your home as a real estate advisor we can help you..

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• Work with your current lender on forbearance or loan modification. These are hard times and as such, more mortgage lenders than ever are open to working with their clients. After all, they don't want to lose the investment they've made in your home either. So before reaching out to any of the new top ten mortgage lenders, reach out first to your existing lender. Ask about a forbearance which essentially hits pause on your payments as you regroup your finances. Or you can also request a loan modification that may take the form of an increased term or adjusted interest rate. Nervous about starting this conversation? Just remember that the worst your lender can say is no and if they do, then you have other mortgage foreclosure alternatives like the above.