Everyday the news talks about homes going into foreclosure.  This is the last in a series of events that leads to losing your home.  Prior to the actual foreclosure you will have received notices.  DO NOT IGNORE THEM.  The mortgage company is communicating with you. Communicate back.  There will be times when this approach will not work.  You must be 60 - 90 days deliquent before the mortgage company can file at the courthouse.  You have time to resolve your problem.  There is a program in Pennsylvania which may help.

Thousands of Pennsylvania families faced with the possible loss of their homes through foreclosures have received help from the Homeowner’s Emergency Mortgage Assistance Program (HEMAP).  This unique program, created by Act 91 of 1983, is the only one of its kind in the nation.  HEMAP is a cost-effective means to prevent homelessness among Pennsylvanians.  By giving assurance of steady mortgage payments, it allows homeowners to seek alternate employment, job training, and/or education when they need it most.  The program is funded by State appropriations and repayment of exiting HEMAP loans. 

If all else fails, it is time to contact your Real estate Professional.  If you don’t have one, contact me at 610-363-4385.  There are private programs that may be able to help you. 

The point is, don’t just wait for the foreclosure to happen. 

 It will !!!!