Foreclosure is the legal process in which a bank or other secured creditor sells or repossesses a parcel of real property (immovable property) after the owner has failed to comply with an agreement between the lender and borrower called a “mortgage” or “deed of trust“. Commonly, the violation of the mortgage is a default in payment of a promissory note, secured by a lien on the property.

Think everyone is sticking their hands out to help you? Keep waiting. The Church can provide some assistance and often do, mostly depending on your faithful giving over the years! Can I get an Amen?  You can try hundreds of gimmicks to elude and slow down the process, however if negative cash flow meets positive bills coming in, the latter will win eventually.

Think friends, family will bail you out? Hopefully you have good family, because 9 times out of 10 you are on your own my friend. Embarassment and a shroud of secrecy is most folks best cloak of choice. Are you in FORECLOSURE today? Back TAXES due to IRS? Debt up to your EARS? Car REPOSESSION? Child Support? Anyone of these and more could lead you down the road of Foreclosure. What’s your FAMILY FORECLOSURE SECRET?