Four Tips to avoiding foreclosure in San Bernardino, CA

Four Tips to avoiding foreclosure in San Bernardino, CA

Hello, everyone!

If you have missed payments in your house mortgage, then you are definitely at risk of foreclosure. And for sure, foreclosures are a very dangerous and risky problem to go through. Some even consider it to be the test that makes or breaks them as a person. It is the test that will secure our homes, the place where we stay with our families, the place where we rest and prepare for tomorrow’s challenges and hardships. And that is why, if you have missed a payment, then you will definitely need to read this article word by word. Below are 4 tips that will teach you not just to avoid missing payments but also ultimate avoid foreclosures.

1. Discipline and make sure payments are on time

The main problem with missing a payment is not entirely about the lack of income. According to study, people miss their payment on their regular dues because they don’t set aside payment expenses from their income. They treat mortgage payments as optional expenses instead of required – that is why the interests increase overtime and by the time the owner finds out, it is already too late.

The most effective way to deal with this is by setting aside the payment for your mortgage once your regular income arrives. Make the regular mortgage dues first priority in your expenses, then take out your living expense, then the other lesser important expenses. Discipline is key, establish a mindset that will motivate you in keeping up with the practice.

2. Increase Payments

If you have extra income or have businesses that will eventually give you more income, then paying more on your debt will surely make things a lot easier. It will also make your relationship with the creditor more friendly and accommodating. Furthermore, by decreasing the principal, you are also effectively reducing the base amount for the interest. And if you do the math, the earlier you pay your loan – principal + interest, the lesser the total amount is. And the earlier you eliminate your debt, the earlier you can enjoy plus with the improved reputation, you can even borrow money for more investments at more advantageous terms.                                                                                            avoid-foreclosure

3. Explore other options

The third tip is for people who are already on the brink of foreclosure. If you are in this situation, then if negotiations with the creditor fall through, always remember that there will always be other ways if you just act fast. For instance, you can go to other credit institutions and apply for a loan in order to pay the unpaid balance and avoid foreclosure, this will effectively eliminate the “pay now or lose the property” risk.  You can also ask for government intervention or even assistance in paying the unpaid balance. Just remember that your goal is to avoid the foreclosure even it means you will borrow from another source. 

4. Convert your property into cash

Cash is the most liquid among all assets, its value is also as it is. And as we all know, house prices fluctuate and there is no effective method to predict their prices in the future. Thus, converting your property to cash is better rather than going through foreclosure. You can use the money to cover the unpaid balance and use the remaining as a security deposit for another mortgage loan. Getting a fresh start is always better rather than getting a failed ending. If you are interested in how you can sell your house fast, then you can visit

Have you ever been to a situation like this? What are your tips?

As always, thank you for visiting and have a great day!

Images free at Unsplash & Pixabay



  1. July 25, 2017 / 11:42 am

    Calm and sensible advice for people who can find themselves in a situation where they simply do not know how best to act.

  2. July 25, 2017 / 12:49 pm

    Really simple but clever advice!

  3. July 25, 2017 / 4:21 pm

    That is a very scary thought. I don’t even own a house, out of pure fear. Thanks for the sound advice, one never knows!

  4. Claire
    July 26, 2017 / 11:59 pm

    Great tips to know as I didn’t know anything about foreclosure. Legal stuff is always important and I think I make sure I’m always paying on time with all my bills and everything.

  5. August 7, 2017 / 2:42 pm

    This tips can really come in handy. You really thought this through! I love the idea of increase payment, the sooner you pay the sooner you’ll get the chance to spend your money on something else!
    B, xx |

  6. August 7, 2017 / 3:04 pm

    Amazing tips for sure, how important is house payment than another thing. This is also what my man and me, do it on our priority than a thousand other thing.
    And we’re also the person who loves doing payment on a time then too late.

  7. August 7, 2017 / 3:50 pm

    These are very important tips. You really wrote this post amazingly. Thanks for sharing, dear.
    It’s always better to pay everything on time. 🙂

  8. Jasmin N
    August 7, 2017 / 5:58 pm

    I haven’t been on a situation like this, but this was a great post for ones that have! And for ones who want to keep avoiding the situation.

  9. August 8, 2017 / 7:19 am

    Pretty good tips! I’ve never been a homeowner (yet) and I couldn’t imagine facing foreclosure. Being proactive is definitely a good thing!

  10. August 8, 2017 / 11:30 am

    thanks for sharing key tips!


  11. August 9, 2017 / 10:53 am

    Increasing payments is something people don’t often think about, and I don’t think banks encourage it. But it’s definitely something to look into – we pay 10% more on our mortgage to pay it off quicker and it really doesn’t take that much off our monthly budget.
    Katja xxx

  12. September 8, 2017 / 7:01 pm

    Great tips! I have personally helped people escape foreclosure as a home buyer. It was a win-win. They avoided the nasty foreclosure process (and the effect on their credit), while I got a property for below market value that I rented out and eventually sold two years later for 66% more than I bought it for!

  13. Jackie
    September 8, 2017 / 8:08 pm

    Really good tips you have there I will definitely them once I buy a house

  14. September 9, 2017 / 12:23 am

    These tips definitely came in handy! I will use this for future reference, thank you for sharing.

    • September 10, 2017 / 10:46 pm

      You are welcome, thank you for stopping by! 🙂

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