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DEFAULT
AND FORECLOSURE OPTIONS
Behind on Mortgage Payments?
Click on these foreclosure options for details.
DO NOTHING
When you ignore your foreclosure options, your home goes back to the lender.
You get evicted and the foreclosure sale is on your credit report.
TRY TO KEEP YOUR PROPERTY
Forbearance is an agreement with your lender to repay your past
due payments when you are behind on mortgage payments. This will stop
foreclosure quick!
A loan modification is a change in any of the terms of the original
note. Some lenders will not agree to this if you are behind on mortgage
payments. Check with your lender for foreclosure options and foreclosure help. This can also stop
foreclosure quick!
LOAN TO GET CURRENT
Are you currently employed? If so, here are some foreclosure options.
Refinancing replaces your current mortgage while a Junior Loan
adds an additional loan and payments. Hard Money loans are offered to help with foreclosure to homeowners in default or foreclosure
at high interest rates.
Debt Consolidation agencies contact and create agreements with your
creditors to repay your debt before and during foreclosure. Foreclosure options from debt consolidation
will affect your credit.
SALE
OF HOME
SALE BY OWNER
Sale by Owner is one of your foreclosure options. With obvious time restraints, plan for other foreclosure options
in case the home does not sell quickly.
Stop foreclosure sale by listing with a realtor if you have enough time,
can afford to fix up your home and are willing to pay 6% realtor commission.
Don't forget your time limit!
You can stop foreclosure quick with a smooth transition.
Your past does not determine your future.
Sell as is, no fix up required, save 6% realtor
fees. Quick Cash for your new life in just 1 week.
For help with foreclosure and deal with unpayable debt, the federal bankruptcy
court can help work out a plan to repay your creditors over time
or wipe out ("discharge") most of your bills. This will
affect your credit! Remember, bankruptcy does not guarantee a permanent
foreclosure solution. Bankruptcy to slow the foreclosure process is a decision NOT to be taken lightly. Contact
legal advise to discuss your best foreclosure options.
DIL of foreclosure is a voluntary conveyance of title to the lender.
In other words, you give your home back to the lender. This foreclosure option will
affect your credit.
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