There are many unexpected changes to your life circumstances that can be contributing factors to foreclosure—especially those that impact your finances, such as:
A growing number of families struggle with excessive financial obligations—you are not alone. It is important to recognize that the way you manage your finances in one area can, and often does, spill over into other areas. Don’t be fooled into thinking your credit card problems won’t affect your mortgage.
The following are warning signs of problems that can lead to foreclosure if you do not act quickly:
Take Root Milwaukee provides reputable counselors to help you, at no charge, if you are faced with these warning signs. With their assistance, you may be able to get your finances back on track before foreclosure becomes a reality. Take Root Milwaukee Members provide free and confidential assistance to help you stay in your home. Visit our Resources for Help page for more information on resources availlable to you and click here for a list of housing counselors.
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The consumer information on TakeRootMilwaukee.org is used with permission from Freddie Mac. Freddie Mac offers extensive, regularly updated consumer information about buying and owning a home on its website, www.FreddieMac.com, in the “About Homeownership” section. Freddie Mac is not responsible for content errors or omissions on TakeRootMilwaukee.org.
The funding source of this activity is the Milwaukee Homeownership Consortium and Freddie Mac.