Posted on: 05th Jun, 2009 08:56 am
what are the alternatives to avoid foreclosure?
The first thing you can do is make some mortgage payments. You can also sell the home.
Anything short of that will probably lead to foreclosure.
Anything short of that will probably lead to foreclosure.
Hi Robert,
If you are delinquent on your mortgage payments, you should inform the lender about your hardship. You may then apply for a loan modification if you want to save the property. However, if you want to get rid of the property, then you may apply for a deed in lieu. To know more about other ways to avoid foreclosure, check out the following page:
http://www.mortgagefit.com/foreclosure/17ways-avoid.html
Thanks
If you are delinquent on your mortgage payments, you should inform the lender about your hardship. You may then apply for a loan modification if you want to save the property. However, if you want to get rid of the property, then you may apply for a deed in lieu. To know more about other ways to avoid foreclosure, check out the following page:
http://www.mortgagefit.com/foreclosure/17ways-avoid.html
Thanks
