The On the Money! podcast recently did a segment on rising foreclosure rates and how to avoid foreclosure. Steve Pomeranz and real estate expert David Levin discussed steps to take when facing foreclosure. Mr Levin suggests the following steps:
- Take stock of your current situation and
- Call your mortgage company to discuss workout options
Further reading:
- Download the On the Money! show (MP3 file)
- More on the On The Money! Podcast
- How Debt Workout Programs Work
- Figure out your financial position with About.com's Personal Finance resource
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