Idaho short sales – 7 Mistakes to Avoid in Pre-Foreclosure

For Idaho homeowners at risk of losing there homes to foreclosure, a short sale can be a win-win for both owner and lender.  There are, however, some common pitfalls that can be detrimental to avoiding foreclosure in Idaho. 

Here are seven mistakes to avoid:

1. Waiting too long to do something.

2. Choosing to spend thousands of dollars to have an attorney file bankruptcy assuming it will make a foreclosure go away.

3. Choosing to sign away your Deed to your home to a third party and to give your home away

4. Choosing a lender Forbearance (payment plan) and not taking it. As long as you can—do it!

5. Choosing to “just walk away” and thinking “They can’t come after me after the foreclosure.”

6. Working with a person who is not experienced in the foreclosure process.

7. Not taking action now.