How the Sedona Method Helps You
in Challenging Financial Times
Home Foreclosure Help:
What You Need to Do Emotionally
by www.Sedona.com
Foreclosure filings in the United States increased by 81 percent in 2008 to a total of 2.3 million, according to RealtyTrac Inc., and the trend doesn’t appear to be stopping. In January 2009 alone, foreclosures rose 18 percent compared to a year ago.
At the heart of the problem is, of course, the slumping economy and job market. An Associated Press-GfK poll released February 2009 found nearly half of those surveyed are worried about becoming unemployed, which is close to double the amount last year. Already, nearly 12 million Americans are now unemployed, and many may find it difficult to continue making their mortgage payments.
If you are currently behind in your payments and looking for home foreclosure help, where can you turn?
For starters, it is essential that you address your emotional health -- including any feelings of guilt, shame, fear or anger that this difficult situation is brining up in you. Otherwise, these negative emotions will cloud your ability to think clearly and only add to your stress.
“The best advice if you are facing loss of any kind, including the loss of your home, is to remember that blaming yourself for circumstances will not prevent the loss nor make you feel any better,” says Hale Dwoskin, CEO and director of training of Sedona Training Associates.
“The best thing you can do is to allow the situation to be the way it is in this moment and then let go of all the feelings you have about the way it is,” he continues. “By letting go of wanting to change what is happening, you are opening yourself to taking appropriate actions if there are any, and to making the best out of the situation if there is actually nothing you can do about it.”
It’s important you use The Sedona Method and release often if you are facing a home foreclosure, as this will help you remain calm and even at peace, regardless of what’s going on externally.
“Plus, the more you let go, the more likely you are to find positive outcomes and to deal with the negatives in the most creative and constructive way,” Dwoskin says. “The more you let go, the less you will suffer from the loss and the more likely you will be to bounce back quickly, rather than getting stuck in wanting to change what has already happened.”
On a practical level, if you are facing home foreclosure, the U.S. Department of Housing and Urban Development (HUD) recommends:
- Not ignoring the problem, but instead contacting your lender as soon as you realize you’re having financial trouble.
- Find your loan documents and learn your mortgage rights so you know what your lender may do if you can’t make your payments.
- Research foreclosure prevention options. Free or very low cost housing counselors are available through HUD who can help you understand the law and your options, organize your finances and represent you in negotiations with your lender if you need this assistance. Find a HUD-approved housing counselor near you by clicking here or call (800) 569-4287 or TTY (800) 877-8339.
And again, releasing your negative emotions right away and on an ongoing basis will help you access your intuition and make the right decisions for yourself and your family. Ultimately, even if you do end up losing your home, letting go will help you realize that life will go on … and you just might end up even stronger and better off than you were before.
Sources
Bloomberg.com February 24, 2009
Chicago Sun Times February 18, 2009
HUD.gov Tips for Avoiding Foreclosure
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