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For Home Sellers:
Why Sellers Choose The Carol McMorris Group - Why home sellers in Wilton, New Canaan and Newtown choose The Carol McMorris Group. Free Presentation - Free in-home listings presentation on marketing your Wilton, New Canaan and Newtown, in Fairfield County Connecticut property. Property Valuation - How much is your Wilton, New Canaan and Newtown home worth? What Did That Home Sell For? - What did that Wilton, New Canaan and Newtown, Connecticut property or other real estate sell for? FSBO - Selling your Wilton, New Canaan and Newtown real estate on your own? Go to Main Sitemap - Main sitemap sections include Find Wilton, New Canaan and Newtown Homes, For Home Buyers, For Home Sellers, Wilton, New Canaan and Newtown Information, Real Estate Resources, and About The Carol McMorris Group.
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Foreclosures >3. How To Avoid Foreclosure If you’re behind on your mortgage payments, have no fear. The U.S. Department of Housing and Urban Development has some really good tips what to do to avoid foreclosure.
- Don’t ignore it. The longer you put off your situation and get behind in your finances, the more likely it will be that you will lose your home to foreclosure. As soon as a problem arises...
- Contact your lender. Your lender will be the best resource to help you avoid foreclosure.
- Check your mail. Your lender will send you important information about avoiding foreclosure and also legal documents in the mail. You’re responsible for these documents and will be held accountable for them.
- Know your rights. Make sure you know the ins and outs of your loan documents so that you can be prepared for what your lender can and can’t do. Be sure to also know the foreclosure laws in your state.
- Understand your options. Visit the U.S. Department of Housing and Urban Development website to get informed.
- Contact a HUD-approved housing counselor. Call (800) 569-4287 to talk to someone who can help you understand your options.
- Your house should be a priority. Your house should be your first priority after the health and well being of you and your family. Eliminate any optional spending (cable TV, Internet, etc.) in order to make your house payments.
- Use your assets. If you have assets (expensive jewelry, a car, etc.) you can sell those and use the cash you gain to help reinstate your loan.
- Stay away from foreclosure prevention companies. These companies will charge you outrageous fees to contact your lender and negotiate your loan. Just save your money and put that toward your mortgage.
- Watch out for foreclosure recovery scams. Some firms may claim to stop the foreclosure process for you immediately and require you to sign your life away for them to do so. Consult your HUD-approved counselor before signing anything.
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| Q |
What does "contingency" mean in real estate?
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| A |
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence." |
 See More Real Estate Trivia > |
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The Carol McMorris Group
The Higgins Group
28 Center Street
Wilton, CT. 06897
Phone: 203-762-2020
Fax: 203-563-9521
Email: carolmcmorris@NUMBER1EXPERT.com
Carol has been selling real estate for 18 years. As a 35million a year producer, she has helped hundreds of clients successfully through the buying and selling process. She goes the extra mile and has your best interest at heart.   
www.CarolMcMorris.com
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