A homeowner can request the total amount owed to bring mortgage payments current and pay it.
Homeowners can negotiate with the mortgage company to allow them to repay back payments over a period of time
Homeowners with sufficient equity lists their property with a qualified CDPE agent that understands the foreclosure process in their area
Homeowners with a mortgage payment low enough then market rent will allow it to be paid can convert their property into a rental
Homeowners can negotiate with the lender to modify the interest on the loan, or principal balance or any combination of these, resulting in a lower payment
Homeowner can negotiates with lender to refinance a mortgage for less than what is owed on the property
Homeowners can return the property to the lender rather than go through the foreclosure process
Homeowners can return the property that is FHA-insured back to the lender and leases the property for a twelve month period
Homeowners with SIgnificant equity in their properties and good credit standing can refinance their mortgages
Homeowners with significant non-mortgage debt and who is unable to pay these debts or his/her mortgage payments can file for bankruptcy which liquidates assets and/or reorganizes debt to pay back creditors
A member of the military who is experiencing financial distress due to deployment (and can prove entered into debt before employment) qualifies for temporary relief under this act.
A member of the military or federal employee qualifies for this program which has a variety of assistance programs including private sales, government purchase, and/or foreclosure assistance
Homeowners have financial hardship and qualify for a sales transaction where the lender is willing to accept the payoff or a mortgage for less than what is owed.
The Prospect of a looming foreclosure and losing one's home is a very daunting and stressful experience. Distressed Homeowners should seek out the counsel of individuals that are specifically trained to render assistance and provide direction. Our Foreclosure Prevention Advocates can help you with a FREE and no obligation consultation.