When It Makes Sense to Fight Foreclosure to Keep Your House

You should try to avoid foreclosure and fight to keep your home only if you have some equity in your house or can afford to continue making your monthly mortgage payment--ideally, both.

You Have at Least Some Equity in Your House

If you have equity in your house, and are facing foreclosure because of missed payments or a rapid increase in your mortgage interest rate, it makes sense to hold on to your house if for no other reason than to protect your equity. Needless to say, the more equity you have, the stronger this reasoning.

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FACING FORECLOSURE ?

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