9 Ways to Avoid Foreclosure



What it Really Means and How to Avoid It



9 Ways to Avoid Foreclosure


REINSTATEMENT: Bring the loan current

FOREBEARANCE:  Temporary repayment plan

REFINANCE: New loan with reduction in monthly payments

LOAN MODIFICATION: Modify the original loan terms

SELL THE PROPERTY: Use equity to payoff or pay the difference

RENT THE PROPERTY: Must make loan current

SHORT SALE: Negotiate with bank to accept sale under the loan amount

DEED IN LIEU OF FORECLOSURE: "friendly foreclosure"

BANKRUPTCY: Will stall foreclosure but not prevent


Please don't let time Run Out for you! Know your options!

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