Learn More About Options to Avoid Foreclosure
The variety of options summarized in the PDF below may help you keep your home. For example, you may be eligible to modify your mortgage, lowering your monthly payment to make it more affordable. Contact us to determine if you qualify.
Alternatives For You
Refinance |
Receive a new loan with lower interest rate or other favorable terms. |
Reinstatement |
Pay the total amount you owe in a lump sum payment and by a specific date. This may follow a forbearance plan. |
Repayment Plan |
Pay back your past-due payments together with your regular payments over an extended period of time. |
Forbearance Plan |
Make reduced mortgage payments or no mortgage payments for a specific period of time. |
Modification |
Receive modified terms of your mortgage to make it more affordable or manageable after successfully making the reduced payment during a "trial period" (i.e. completing a three [or four] month trial period plan.) |
Short Sale |
Sell your home and pay off a portion of your mortgage balance when you owe more on the home than it is worth. |
Deed-In-Lieu of Foreclosure |
Transfer the ownership of your property to us. |