You’ve had more than your share of difficulties in the last few months. You’ve lost a loved one or been through a difficult divorce. You’ve lost a job or had to change jobs. You’ve lost your health and have medical expenses stacking up. Maybe you’re struggling with increased utility prices or fuel expenses or an adjustable rate mortgage (ARM) that is unbearable. Perhaps, your property tax bill has gone through the roof.

Unfortunately, while you’re worrying about stopping foreclosure of your home, you’re bombarded with letters, postcards, phone calls and strangers driving by and knocking on your door.

These foreclosure investors specialize in chasing homeowners just like you who are close to losing their homes. They’re interested in buying your home and profiting from it, because they believe you must sell the home.

Should you sell to an investor to avoid being foreclosed on? Maybe, but certainly not as your first option. And only after you exhausted other foreclosure prevention means such as rearranging your loan. Read more…