Shoud l Speak With My Lender When They Call?
Some people find the whole situation overwhelming and simply ignore all the lender phone calls and letters, knowing that ultimately the home will go into foreclosure and bank will eventually seize the home. Though it may seem like the easiest thing to do at the time, it is not recommended you do this. We strongly recommend you speak with the lender(s) and determine it there are any good options there. Be sure to keep notes of your conversations with the lender, including dates and times of calls, the name of the representative you speak with, and details of the conversation. If there are no good options with the lender, we would recommend attempting a short sale, as this will typically be much better for your credit score, and will help you buy your next home sooner and at better interest rates.
