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Know your options to protect home from foreclosure
Some options provide short-term solutions/help, while others provide long-term or permanent solutions. Sometimes, the best option may be to sell the house. For information on different options, visit HUD’s website.
For short-term financial problems you are facing some of the options are:
1. Reinstatement
2. Forbearance
3. Repayment plan
Long-term solutions imply adjustments to your loan:
1. Loan modifications
2. Partial claim
For [...]
Know your options to avoid foreclosure
When facing foreclosure, you may think the situation is hopeless. Yet, there may be several stop foreclosure options available to you.
Stop Foreclosure Option: Special Forebearance
In the Special Forebearance Option to stop foreclosure, your mortgage lender may be able to arrange a repayment plan based on your current financial situation.
Stop Foreclosure Option: Mortgage Modification
If you [...]
