Four Tips How Homeowners Can Rebuild Their Life After a Foreclosure

Let's face it, if you are facing the possibilities of losing your home due to a foreclosure and you think that you may never be able to purchase another home anytime soon. Keep reading.

I am going to share with you four steps you need to prepare yourself for that transition down the road. First, if you lost your home because of a foreclosure or you're about to, don't give up. The worst thing you can do right now, is to do nothing.

First: Get a copy of your credit report to see what a potential creditor will see and immediately start making repairs to clean up any negative infractions, stay away from credit repair companies.

Visit: http://www.creditinfocenter.com

Second: While you are rebuilding your credit, start putting together an emergency fund. Start off by saving three months of your mortgage/rent payments and three months of car payments for obvious reasons.

Three: Go to your book store, library or online and start educating yourself on lease purchase. I mention lease purchase because of your temporary credit and money requirements. You can normally get into a house with a small down payment and no credit check. Just be prepared to purchase that property down the road. That's why you need to clean up your credit and who knows, you might start making money with this new found information.

Here are two extraordinary sites for you to visit for more information: http://www.lease2puchase.com and http://www.creonline.com.

Four: Start putting together your financial plan. Set goals for your future retirement, college for you or your children. Start a business. Find a financial planner one who will work with you and his motivation is not to sell you something you don't need, just so he can get a commission.

When the time comes in a few years after you have put a down payment on your lease purchase home, rebuild your credit, raise your credit score; set aside an emergency fund and designed a financial plan, then you will be ready to buy your next home.

Copyright 2005 Bobby Johnson - All Rights Reserved

For a free report titled "How You Can Stop Your Home From Going Into Foreclosure Without Selling or Filing Bankruptcy", call 770-210-8797 or email: bjohn54928@aol.com

Bobby Johnson is a Comprehensive Financial Planner/Accountant/Speaker/Author. He has written many articles and books on foreclosures " How To Save Your Home From Foreclosure and Not Lose Your Mind" and "How To Stand Up To Collection Companies and Win".

---

Why Is It important!

Your credit is the most important thing you have other... Read More

Five Debt Negotiation Facts

These five debt negotiation facts along with a few debt... Read More

What Are the Most Common Ways to Commit Identity Theft or Fraud?

It's the number one source of consumer complaints at the... Read More

Why Does FACTA Matter to Me?

FACTA stands for Fair and Accurate Credit Transaction Act. FACTA... Read More

7 Compelling Reasons Why A Prepaid Debit Card May Be Just The Financial Tool You Need

Prepaid debit cards are great financial tools and may be... Read More

What You Need To Know About Credit Cards

What is a credit card? A credit card is... Read More

Inflexible Friends and Plastic Assets, Why Money isn?t Buying Love Anymore

Consumers reject financial advice in favour of financial frivolityIt would... Read More

How to Improve Your Credit Rating

So you got into debt, had problems but you got... Read More

How To Avoid Becoming A Victim of Identity Theft

With identity theft statistics currently at an all time high,... Read More

Figuring Out the Ever Nebulous Numbers Called Credit Scores

Credit Score FactorsThe information contained on our credit reports affect... Read More

Credit Card Debt: How To Control It

A lot of people spend more money than they can... Read More

The Hitchhiker?s Guide To Insanity

A new sickness is plaguing the UK called Denial. Denial... Read More

5 Killer Steps to avoid Credit Card SCAMS!

In August, 2004, the Federal Trade Commission issued their findings... Read More

How Credit Scoring Works

The all important credit score! It determines the amount of... Read More

Free Credit Reports Now Available From the FTC

The Federal Trade Commission (FTC) has set up a new... Read More

Different Types of Credit Cards and Features - Part 1

Just as there are too many credit card companies to... Read More

Minimum Credit Card Payments to Rise

For years, major credit card companies have allowed cardholders to... Read More

Comprehending a Credit Report

Obtaining a credit report is an excellent way to begin... Read More

Building Business Credit

Most businesses want to be able to borrow money when... Read More

Defeating Credit Card Debt With Self Control

Credit card debt is a major social problem in some... Read More

Choosing the Best Low Interest Credit Card

With so many low interest credit cards on offer, how... Read More

I?ve Heard About FACTA; What Does It mean?

What FACTA means is that if you, as an individual,... Read More

Looking for that Low interest Credit Card?

If you have been shopping around for a Low Interest... Read More

The Exact Action To Take When You Find Errors In Your Credit Report

There are times when you may be turned down for... Read More

Shoppers Beware - Tis The Season

It's the number one complaint from consumers and it only... Read More

Credit Cards: Pros and Cons

Sure, there are a lot of problems with credit cards,... Read More

Identity Theft ? Guard Your Childrens Social Security Numbers

Identity theft is a growing concern among Americans, and rates... Read More

Clean Credit Report: Easily Raise Your Credit Score 100 points

Clean Credit Reports, your credit report contains information about where... Read More

Dealing With A Collection Agency

Step I - Selecting A Collection AgencySelecting a credit collection... Read More

Credit Card Expenses Are Killing Your Budget!

Do you know the costs associated with your credit card?... Read More

Reward Credit Cards: Get the Best Rewards Card Incentive Program

A good credit reward card can contribute to your retirement... Read More

Using Credit Cards Wisely

"I think money was stolen from my card" or "I... Read More

Practical Suggestions for Protecting Yourself From Identity Theft

It's no surprise that thousands of Americans are victimized by... Read More