- Borrow Money From A Friend or Family Member
- Negotiate a Forbearance Agreement
- Sell Your Home Through A Real Estate Agent
- Do a Lease Buy Back
- Live in Your Home While Giving Up Partial Ownership
- Do A "SHORT SALE"
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Labels: Foreclosure Tips
The more problems that you have paying your mortgage, the more likely your lender will allow you to modify your mortgage.Recent studies have shown that a Loan Modification costs a lender 40% less than a foreclosure. Banks are in business to make money.
If they have to take your home, they lose the profit that they would have made on interest, and may lose several thousand dollars on the sale of your property.If you are in an adjustable loan or your payments are unaffordable, it is in your best interest to see if you qualify for a modification.
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Labels: loan modification
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A Loan Modification is a permanent change in one or more of the terms of a mortgagor's loan, allows the loan to be reinstated, and results in a payment the mortgagor can afford.
STOP THE BANK AND EVEN GET AN AFFORDABLE PAYMENT. IF YOU QUALIFY YOU CAN LOWER YOUR PAYMENT, RID YOURSELF OF LATE FEES AND GET A SECOND CHANCE. KINDLY CONTACT US IF YOU ARE INTERESTED SO WE CAN DISCUSS YOUR SITUATION AND DETERMINE IF WE CAN HELP YOU
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Labels: forebearance, foreclosure, loans, type of foreclosure
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Labels: foreclosure, loan modification, loans, stop foreclosure