KnowYourOptions.tv

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 more options you need to know visit: federalreserve.gov/pubs/foreclosuretips/default.htm#options