Are You In Any Of These Situations?
If you are in any of the following circumstances, you should begin working on your situation with a foreclosure avoidance specialist:
- You are not yet behind on payments, but judging from your finances you feel you may not be able to keep up with your current payment.
- You are behind on payments, but have not yet received a notice of default (NOD) from your lender.
- Your lender has initiated the default process(NOD has been filed) and the several month foreclosure process has officially begun.
The two most prominent ways in which homeowners in distress are working with their lenders are through either a loan modification, or a process known as a short sale. A loan modification is when a lender will renegotiate the terms of your loan in order to provide you with a lower monthly payment. A short sale is when a lender willingly agrees to receive less than the total loan balance during a home sale (this makes selling a home completely possible).
100% Free Consultation
If you are interested in learning more about how thousands of homeowners are avoiding foreclosure with either a loan modification or a short sale, and whether or not one of these might work for your home, please complete the form below to get started. A foreclosure specialist dealing with properties in your area will be in touch with you to help you determine the best option for your particular situation.