I’m certain that all of you loves the residence in Phoenix, Arizona that you live in and would never want to lose that home to foreclosure.  However, with the status of the economy and the housing market, a lot of Americans are preparing to cope with losing their homes. The good news is that foreclosure in Phoenix, Arizona is preventable through loss mitigation.  The solution is to take action before the lender does.  As soon as you neglect one payment, the clock starts ticking.  So, when you appreciate that you can not make payments on your house mortgage any longer, it is time to drop a line to the loss mitigation department at your bank.  Their job is to help keep the bank from losing currency. 

PLEASE PLEASE PLEASE….contact your mortgage company ASAP and explain your situation to them! Ask if you can reinstate the loan and borrow the money or sell something to pay off the payments that are behind! MANY times the mortgage co will work with you to set something up so you can pay the back payments and catch up…..Contact the loss and mitigation dept…..If they see you are serious, they will work with you…..The last thing they want is to foreclose on your home, its expensive and time consuming….Best of luck!

Please list the problems that i could face by agreeing to this.