Beyond the situations that have led to the loss of the home itself, receiving the news that your home is being foreclosed upon can be a devastating situation. While this development can be quite stressful, it is important that you seek ways to move into a calmer headspace so that you can figure out what the next steps may be. If you are dealing with the understandable overwhelm caused by the foreclosure of your home, here are five tips on how you can cope with the stress of this foreclosure moving forward.
Coping With a Foreclosure
1. Take time to understand what the foreclosure process will look like
The word “foreclosure” is one that can be quite uncomfortable to hear, but it is important that you know exactly what foreclosure will look like in your particular situation. For example, let’s imagine that you live in Louisville, Kentucky. The Kentucky foreclosure processis one in which a court-ordered sale is conducted by the circuit court master commissioner. Generally, a mortgage company will file a Lis Pendens (pending litigation) notice, paving the way for the foreclosure process (or, if not, giving a good faith purchaser the ability to get the property without a non-consensual lien).
The lienholder will then file a foreclosure detailing the situation and starting the foreclosure. At this point, you, the homeowner, could either decide that you want to keep the home and file for Chapter 13 bankruptcy (thus ending the foreclosure process) or let the house go back and file for Chapter 7 bankruptcy. With that in mind, it is important that you file an answer as not filing can lead to a default judgment that causes you to lose the home anyway.
If you are facing foreclosure, reach out to an experienced local bankruptcy attorney like Nick C. Thompson for assistance in handling your case and making the right choices as you navigate this process.
2. Find small ways to squeeze in relaxation in your day-to-day life
No matter how much stress we are under, it is important to find ways to squeeze relaxation into our day-to-day life. One excellent solution that many have been turning to for help with stress and anxiety is cannabidiol (CBD). CBD is a naturally occurring substance found within the hemp plant that is purported to have anxiety and stress-relieving properties. As a result of its growing popularity as a wellness tool, there are plenty of ways to absorb the substance, with one of the best absorption methods being smokable hemp products.
If you are just diving into the wellness world of CBD, continue purchasing a high-quality product like Plain Jane’s hemp cigarettes. Whether you are looking for an odorless pre-roll experience, a hemp cigarette packed with flavor, or a more classic feel with a menthol addition, Plain Jane offers a host of CBD hemp cigarettes for interested customers to choose from. Additionally, they focus on providing the best experience possible by making their products more affordable, sourcing hemp from local farms, and using high-quality hemp in all of their products. With the purported stress-relieving benefits of CBD, you will be able to kick back and relax whenever you need to.
3. Come up with a plan of actions that details your next steps
In times of uncertainty, we tend to focus on the lack of control that we experience as a result of the situations developing around us. Understandably, this feeling that we have lost control can be quite stressful. Instead of focusing on that which we have no control over, create a plan of action by getting organized, breaking your situation down into more manageable chunks, and figuring out the steps that you will need to take in order to move forward and out of the problem you are facing. Foreclosure may cause extreme stress and feelings of uncertainty. However, we can take back our calm and control by figuring out what we are able to do next.
4. Continue to take care of yourself
Stressful situations that enter our lives have the potential to throw us off and lead us to ignore our overall health and well-being. When this happens, we can often fall deeper into our own feelings of sadness and frustration, making us more vulnerable to the mental and physical impact of stress. Even though foreclosure can be scary and stressful, do your best to continue taking care of yourself. Get plenty of sleep, eat a healthy diet, and exercise regularly. Making sure that you are taken care of physically and emotionally will better support you in your efforts to cope as you face this challenge head-on.
5. Turn to your support network for support
Major life situations like foreclosures can cause us to feel like we are taking on the world by ourselves. In instances like these, we all need a little help to keep our heads above the water. Make sure to use your social support network of friends and family to vent about your feelings, get away from your troubles for a bit, or seek out advice as you work through this.
If you feel like you may be dealing with more complicated emotions that you need help with, turn to a mental health professional and consider finding a support group that may be able to help you work through more complex grief. No matter how you may be feeling, there are people out there who want to support you and help you cope with these intense emotions.
Falling into financial hardship and subsequent foreclosure is something that can take a major toll on our emotional health. In order to help you better cope with these developments, use the five tips provided above to help you calm down, assess your situation, and take the necessary actions to pave the way for a better tomorrow.