Wise Decision Making After Foreclosure

March 11, 2012

What to do after the Foreclosure

Putting together a strategy

 

Rosemary Joles,Rebuilding your finances,Wise home buying,After foreclosing

Photo Courtesy of iStock

Here are four things to keep in mind to help make a wise decision before moving forward:

1. Feel the pain – accept the finality of the situation so you can move ahead

2. Metabolize the loss – there are lessons to be learned whereby you won’t repeat

3. Avoid rebound home purchases – just as in personal relationships, the first home that comes down the pike, isn’t necessarily the right one.  Use patience to make the best decisions.

4. Heal your finances– pay down or better off your debt and begin saving toward the future.  You will be in a much better place.

Rosemary Joles,Rebuilding your finances,Wise home buying,After foreclosing

Photo Courtesy of iStock

Check out the full article linked above.

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