Minnillo & Jenkins, CO. LPA
Hyde Park, Eastgate, Fairfield, Covington: 513-723-1600
Portsmouth: 740-300-2022
Call For A No-Pressure, Free Consultation

Why should I do everything I can to avoid foreclosure?

Being faced with a home foreclosure puts a tremendous amount of emotional, mental and financial stress on you and your family. In addition to the risk of losing your home, there are many other negative aspects to the foreclosure process which is why it’s important to explore your options to avoid foreclosure.

If you are struggling financially and worried about how you will be able to continue paying your Ohio mortgage, it’s important to formulate a plan for taking back control of your finances.

How foreclosure can negatively affect you now and in the future

When you go through a foreclosure, your credit score takes a big hit. Exactly how big of a hit depends on the circumstances surrounding the foreclosure and your previous credit score. A low credit score can prevent or delay your ability to obtain future loans or mortgages.

A home foreclosure also leaves you homeless and, very likely, in the same dire financial predicament. The foreclosure process only benefits the bank, and does very little to help you address your financial problems. This means that you will likely still be struggling with the same overwhelming debt issues after a foreclosure is complete.

What can I do to prevent foreclosure?

The best thing that you can do to prevent foreclosure is to communicate with your lenders. Many people who face foreclosure are in financial trouble because they ignore communications from creditors and stop paying their mortgage. Eventually, when this happens, the foreclosure process is automatically initiated.

You can also take the initiative to ensure you understand your rights and protections under the law. If you are struggling to pay your mortgage, you have several options available to you in Ohio.

No Comments

Leave a comment
Comment Information
Email Us For A Response

How Can We Help You?

Bold labels are required.

Contact Information

The use of the Internet or this form for communication with the firm or any individual member of the firm does not establish an attorney-client relationship. Confidential or time-sensitive information should not be sent through this form.


Privacy Policy

Contact us right now for a free bankruptcy consultation

NACBA - National Association of Consumer Bankruptcy Attorneys

Proud Member NACBA

We are proud members of the NACBA, a national organization dedicated to serving the rights of consumer debtors. Read More

Super Lawyers

Jenkins Named Super Lawyer!

Founding partner, Christian A. Jenkins, was selected by his peers and the media as a Super Lawyer. Read More

Hyde Park Office
2712 Observatory Avenue
Cincinnati, OH 45208

Phone: +1-513-723-1600
Cincinnati Law Office Map

Eastgate Office
792 Eastgate South Dr
Suite 150
Cincinnati, OH 45245

Phone: +1-513-723-1600
Cincinnati Law Office Map

Fairfield Office
447 Nilles Rd
Suite 9
Fairfield, OH 45014

Phone: +1-513-723-1600
Fairfield Law Office Map

Covington Office
526 Philadelphia St.
Suite 5
Covington, KY 41011

Phone: +1-513-723-1600
Map & Directions
Covington Law Office Map

Portsmouth Office
612 Chillicothe Street
Portsmouth, OH 45662

Phone: +1-740-300-2022
Map & Directions
Portsmouth Law Office Map