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Four Popular Options To Foreclosure

An agreement with your mortgage company; the  terms under which you are able to keep your home by remaining current on your mortgage and repaying the delinquent amount over time.

A loan Modification is any agreement that adjusts the terms of your loan, such as interest rate, term or principle.  These are done  to make the payments more manageable for you.

A sale of teh property where your lender approves a discounted payoff of all existing mortgages. In simpler terms, the lenders accept the proceeds generated by a market sale of the property as the payoff amount on the outstanding loans. Short Sales are frequently approved and escrows closed with no out-of-pocket costs paid by the seller.

A legally declared inability or impairment of ability of an individual or organization to pay its Creditors.

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