Is my foreclosure public knowledge?
are in the middle of a foreclosure, you will probably begin
to receive mail from many people and organizations that you
may have never even heard of. Why is this? How do they know
you are in foreclosure?
people have a hard time dealing with the fact that they are
in foreclosure and may even feel ashamed or embarrassed. This
begs the question of whether or not other people know or can
easily find out about the foreclosure. Unfortunately, foreclosure
is a matter of public record. And while that doesn't mean
that anyone is going to take out a billboard advertisement
to let everyone know about it, it does mean that the information
may be available to those who are searching for it.
Joe is not going to have any idea that you are in foreclosure
unless you reveal it yourself. There are, however, many people
that are looking to benefit from others in foreclosure. Some
organizations and people watch the foreclosure listings with
a close eye. Is it because they want to shame the people who
are facing foreclosure? Most likely, this is not the case.
Advertisements trying to sell lists of foreclosed homes are
becoming more and more common. Many people feel that investing
in a home that is being foreclosed on is a good way to make
some money. And others want to try and sell their services
to the individual trying to avoid foreclosure. Bankruptcy
attorneys, high-risk creditors and credit counseling agencies
all stand to make money from the plight of others trying to
steer clear of foreclosure.
some of these organizations are just trying to help, it is
best to pay close attention and ask a lot of questions. There
are scammers out there who want to take advantage of anyone
they can, and foreclosure tends to be such an emotional issue
for people. With emotions running high, any glimmer of hope
can look attractive enough even if it is unrealistic. Always
check with the Better Business Bureau and do some research
before putting your trust in any organization. Don't sign
anything you're not sure about and get everything in writing.
seem grim and depressing, but despite all of the pressure
when facing foreclosure, there are organizations that want
to help. And what is better, some individuals really can help.
So don't let your worries get in the way of finding a way
out. Truly, the only people that are really likely to know
about your foreclosure are the people involved in the process
and individuals looking to profit from the situation. Your
friends and family will probably only find out if you tell
them or if you end up losing the property. Nevertheless, the
important issue is to put your pride aside and ask for help
from qualified individuals. And it can't be stressed enough
that communication with lenders is of utmost importance. Most
of the time, property owners can avoid foreclosure if they
are committed to finding another solution and are willing
to set the embarrassment and guilt aside long enough to find