Create Additional Income to Avoid Foreclosure

Sources of additional income

Rent spaces in your home

Consider renting one of your rooms that you don't really need. Students, working singles, and elderly people looking for a company may be good prospects.

You may allow people to park in your garage on a busy street for a monthly fee. How about offering additional storage place in your backyard for people in the neighborhood?

Can any of your family members work for an additional job?

You may consider a second or third job. This job doesn't need to be work at an office. Many people make money on the Internet. eBay®, Amazon®, and many other online sellers offer income-earning opportunities for people in their spare time.

Cutting your expenses

Detecting unnecessary spending

See if your family members can do something to reduce your electricity, water, and other utility bills. Any leaking faucet, night lamps, motion-detecting floodlight rated 500 Amps activated with the movement of a cat or squirrel.

The cost of living in California is much higher than the national average. Any reduction in using utilities (electricity, water, gas) may result in great savings.

Need help? Review your options to get foreclosure help by professionals (lawyers specializing in foreclosure, foreclosure consultants registered to assist homeowners subject to foreclosure, debt counselors, and real estate agents in California), California state agencies, county agencies in California, consumer advocacy groups, and nonprofit organizations in California.