Jan McNulty

Broker, CDPE, SFR, CRS

9 Ways to Avoid Foreclosure



 

FORECLOSURE

What it Really Means and How to Avoid It

IS TIME RUNNING OUT????

 

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!

Call today or mailto:Jan@janmcnulty.com

 

Allow me to help pull your team together!