Recovering From a Home Foreclosure

Losing your home due to a foreclosure doesn’t only mean damage to your finances and assets, it also has devastating effects on your whole being.

While a foreclosure can hurt, it doesn’t have to affect you forever. Recovering from a foreclosure can take a while. So, while you are in the process of recovery, use it as a leverage to become a better homeowner.

Living Through a Foreclosure

Leaving the place you call home and moving to another neighborhood can be emotionally draining. It was you who invested time, money and energy to that house. Losing it was the last thing you’d ever want to happen.

However, it isn’t just the adults who are affected. Children belonging to a family who just lost a home may also be affected. Moving to another school and saying goodbye to their friends can be emotionally draining for children. Moreover, moving to a new unfamiliar place may make them feel less secure and safe.

Remember that you also have to give your children adequate support during such tough times. They may not fully grasp why all this is happening, but you have to try to make them understand. You also have to reassure them that the family may have lost a house but you won’t lose each other, and that’s more important.

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Tami L Barber

NMLS #1030737

(423) 943-9269

Encore Lending Group LLC

NMLS #1249911

206 Wesley St, Johnson City TN 37601

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The information contained in this site has been prepared by an independent third party and is distributed for educational purposes only. This is designed to give helpful tips on the mortgage process and is not intended to give legal advice. Information is considered reliable but not guaranteed. This is not a prequalification, preapproval, loan approval or commitment to lend.