What To Do if the Bank Threatens To Foreclose on Your Home

If you receive a foreclosure notice, it’s only natural to be frightened and wonder where you’ll live, but there are steps you can take to protect yourself and your remaining assets. Here’s what you should do if the bank threatens to foreclose on your home.

Don’t Panic

Being behind on your mortgage payments to the point of a foreclosure threat can be stressful, but panicking and treating the bank like a villain accomplishes nothing. Banks don’t want to go through the cost and hassle of foreclosing, but they expect you to do something. Call your bank and see if you …