Facing Foreclosure? Don’t Do Nothing

A fairly common action for some folks who are facing foreclosure is to just do nothing.  Doing nothing is not a good plan.  In addition to any losses due to the foreclosure the banks now are beginning to get very aggressive about chasing to recover their own losses.  They could find ways to make life very unpleasant for a very long time.
This article by Richard Zaretsky outlines some of the pitfalls facing anyone in foreclosure.

For more foreclosure news see The Reno Real Estate Guide.

About rereno

Real estate investor
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