The natural initial reaction to hearing your home is being foreclosed on is to assume that there's been a mistake on your bank's end and that your home can't possibly be at risk. Once you've checked with the bank that there's no mistake, you can move forward.
Once the news has settled in, it's common for anger to build up, fueled by anxiety. It's hard to understand that these things aren't happening to you for any particular reason; life sometimes simply isn't fair.
This stage often leads homeowners to scramble to find a solution with their bank that will let them keep their homes. The issue is that most banks have strict guidelines when they offer mortgages and are obligated to pursue foreclosure according to the terms of the contract.
The hardest stage to reach, but also the most important, is accepting what's happening. It doesn't mean that you're happy with it or want it to happen; it simply means you understand the situation and can focus on what you can do about it with a clear head.
Here we see the initial rush of adrenaline and anger wear off, leaving you with little energy to try and fight against the current. Feelings of sadness and depression are normal as you think about your history in the house and what you'll do next.
The hardest stage to reach, but also the most important, is accepting what's happening. It doesn't mean that you're happy with it or want it to happen; it simply means you understand the situation and can focus on what you can do about it with a clear head.
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