In times when foreclosure rates seem to be on the rise due to many contributing factors, I can’t help but think that there are many of you out there wondering whether or not you too may soon find yourself knocking at foreclosures door.  Do yourself a favor and visit the link to learn the tips for avoiding foreclosure.

And here is just one thing to consider before throwing in the towel(kindly provided by our escrow company, Pickford Escrow): If your monthly house payment(incl property taxes and insurance) does not exceed 40% of your gross monthly income, it should be possible for you to keep the property.  If the payment is greater than 40% of your gross monthly income, consider selling or transferring the property to avoid negative impacts to your credit.