It is estimated that most American families can only maintain their current living expenses for 60 days or less when income is disrupted for any reason.
Any of the following life stresses may lead to a situation where homeowners are longer able to sustain the costs associated with their home. If one or more of these stresses apply to you, you may be able to work with your mortgage lender to avoid a foreclosure situation. Contact us for more information. Our email address is: SaveMyHome@LaneCountyHomeSavers.com and our direct, local phone number is: 541-302-4840
Following are 15 potential reasons why homeowners could be finding it difficult to continue to make mortgage payments:
- Increase in Mortgage Payment or Rate Adjustment.
- Loss of Job
- Business Failure
- Damage to Property
- Death of a Spouse
- Death of Family Members
- Severe Illness
- Marital Issues – Separation and/or Divorce
- Relocation
- Military Service
- Insurance or Tax Increase
- Income Reduction
- Too Much Debt
- Incarceration
- Inheritance
