When faced with foreclosure, it is normal for any homeowner to panic. No one wants to lose their home and the hopes and dreams often attached to the home. However, instead of being paralyzed with worry, homeowners are encouraged to seek out options as soon they are facing the possibility of foreclosure.
Minneapolis and St. Paul residents who are living in fear of losing their homes to foreclosure know firsthand just how stressful it is to be in debt. However, the situation can become even more stressful when lenders fail to respond to homeowners about possible loan modifications in a timely matter. In fact, this time delay can even lead some further into debt and eventual foreclosure.