Facing foreclosure is really a sad thing.
Surely you would not want to part with your house. But if you cannot make the
payments you will have no choice. Nevertheless, it's not the end for
everything. You have to make the best with your situation.
Save on Rental
While you should start planning for your
living arrangements, you don't need to leave your home right away. The
paperwork still has to be done before the foreclosure can be finalized. This is
good news for you since you are short in cash in the first place. You won't
have to pay rental for 3 to 12 months depending on how fast the foreclosure can
be processed. The savings would surely be welcomed.
Take What You Can
With too little funds available at the
moment, you would need appliances too. It would be good if you rent a furnished
place. But if the place you can afford does not come equipped, you would need
to provide them yourself. But then appliance that came with the house when you
bought it usually stays when you leave. Improvements to the home stay with it
as well. To avoid any problems, you should take only what is clearly yours. If
you want to take lights and fixtures, just replace them before you go.