Foreclosure is a breathtaking life challenge that can hit anyone, including homeowners in New Hampshire. The date of foreclosure can be closer than you can imagine. Upon receiving a notification from your lender for foreclosure over your house, you need to be calm and, at the same time, be active, and take steps towards saving your home.

There are various options you can try to save your house as a residence of New Hampshire if you are facing foreclosure. Note this if the foreclosure process has commenced, it can be challenging to stop it; that is why it is better you take the necessary step immediately you get a notice of foreclosure.

Contact your lender and ask for the mortgage statement to know how much you have paid the amount left for you to pay. You will be given up to date statement.

Appeal for your lender’s tolerance, your lender can decide to take the default payment away if you explain your financial situations to him or her. This option can help you reduce the interest of your loan, allow you to reboot your payment.

Ensure you get a way to pay off your debt, as that will save you from the foreclosure. Though this option might not work for everyone, as many might not have enough money to pay back the debt, it can be challenging to follow.

Other options you can follow are refinancing your loan; since you’re in debt and behind payment, you can put an end to your existing mortgage and request a new loan refinancing. You can also put your home on a quick sale, in the sense that you sell your house to raise the money to pay your defaulted payment. And it can be a short sale where your home’s value might not be equal to the amount you want. This can be your last and life-saving option, the filing of bankruptcy.

Contact your lawyer or a verified and experienced HUD in New Hampshire for other advice.