How to Avoid Foreclosure

Описание: Do you know how to avoid foreclosure? Many seniors find themselves unable to make their house payments. In this video, Attorney Eric Olsen of the HELPS Nonprofit Law Firm will explain the many ways that people can keep their homes when facing #foreclosure.

Time Stamps
0:00 Introduction to Attorney Eric Olsen and foreclosure avoidance methods
1:10 What seniors facing foreclosure need to know
1:57 Factors influencing the best way to avoid foreclosure
2:53 Types of Foreclosure: Judicial Foreclosure and Trust Deed Foreclosure
4:10 Stopping a foreclosure through bankruptcy
6:25 What seniors can do if a foreclosure is about to be filed
7:16 Your retirement income is protected by federal law
8:10 By cutting other payments, you could make the house payment
9:44 If your property has a second mortgage
11:21 How to lower your mortgage via refinancing or mortgage modification
13:05 How to have your property tax waived or deferred
13:35 How a reverse mortgage could help a senior keep their home

Former bankruptcy attorney Eric Olsen, Founder of the HELPS Nonprofit Law Firm, explains the many ways a person could hold on to their home while facing #foreclosure. Methods include:

mortgage modification
property tax deferral
reverse mortgage
not paying other bills to devote resources to the mortgage
selling the home
declaring bankruptcy
and more.
His advice could help you – or a loved one – save their home or save enough money to find another place to live. This interview is the first of two parts.

Jeff Hoyt is SeniorLiving.org’s Editor-in-Chief.

To watch Attorney Eric Olsen explain why seniors don't have to worry about old debts, watch    • Why Seniors Shouldn't Worry about Old Debts  

Are you responsible for debts when your spouse or parents dies? Watch    • Are you Responsible for Debts of a Spouse ...  

To learn how seniors can avoid paying taxes legally, watch    • How Seniors can Avoid Paying Taxes... Lega...  

For how to deal with #debt collectors, watch    • Why Seniors Shouldn’t Worry about Debt Col...  

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To contact the HELPS Nonprofit Law Firm, call 1-855-435-7787 or visit helpsishere.org.

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Like to save money? Please watch: "The Best Senior Citizen Discounts"
   • The Best Senior Discounts  
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