Often in life we can simply sail with the current when in the next minute out of the blue a shock situation occurs that completely blinds us. Listed below are some of the most stressful things that can happen to a homeowner, as well as what to do in these circumstances. Hopefully you won’t find yourself in any of these, but it’s good to know what to do just in case.
Suddenly become disabled
It could be an accident at work or a sudden illness, but whatever the cause of being suddenly disabled is a very traumatic thing to go through. You are likely to need to apply for benefits, but many people are also looking for one Social Security Disability Appeal Attorney Advice – so many initial applications are rejected.
Therefore, not only is it emotionally difficult to deal with a disability – and of course physically – but it is extremely worrying to think that if you cannot work or receive the right financial support, you could lose your home.
The best thing to do is get a strong argument for your claim to benefits straight away. Get advice from a legal advisor to help you create the best possible case and don’t give up. Expect this to be a difficult process, but keep going. You have to be persistent and create a watertight backup plan for savings and ways you can save money to support yourself in the meantime.
There are likely to be many ways you can get other types of help if you are disabled, such as tax breaks, business discounts, reduced travel tariffs, and heating and eating help. So, reach out to your local counseling group or nonprofit that is specific to your condition as they have some financial tips for you as well.
Separation from a partner
A relationship breakdown can be painful enough without the added complication of worrying about who gets the house over it. The unfortunate thing about home ownership, when so much of what is determined after a breakup is based on the decisions they made when buying the property.
So this means that whatever path a couple has taken in terms of signing up to buy the home and split the mortgage will decide who has the right to it. Unfortunately, many people virtually ignore this side of things as they are afraid of appearing suspicious or disrespectful to their partner in happier times.
However, should the relationship break down later, it is much more difficult to keep both parties happy as it is crucial to simply find out who has the most rights. If you can make a legal agreement from the start, this is highly advisable. If you’re below and it’s too late, you may need legal advice to determine if you are in one Community property state or not.
A natural disaster hits your home
When the unexpected happens and your home is haunted by a terrible nature freak, it can be difficult to know where to go. What are you entitled to if it is an accident that was not caused by anyone but Mother Nature?
However, there is several steps you can take This includes contacting the emergency services first, then your insurer and finally your mortgage bank.
You may also be eligible for mortgage forgiveness if you are unable to keep up with your mortgage repayments. This means that you may be able to stop paying your mortgage for an agreed time. Hopefully this will give you enough time to get back on track and recover your home from the property damage.