9 Ways To Avoid Foreclosure

9 Ways To Avoid Foreclosure



  • 9 Ways to Avoid Foreclosure:

    • REINSTATEMENT: Bring the loan current
    • FOREBEARANCE: Temporary repayment planAvoiding Foreclosure in Colorado Springs
    • REFINANCE: New loan with reduction in monthly payments
    • LOAN MODIFICATION: Modify original loan terms
    • SELL THE PROPERTY: Use equity to payoff or pay difference
    • RENT THE PROPERTY: Must make loan current
    • SHORT SALE: Negotiate with bank to accept sale under loan amount
    • DEED IN LIEU OF FORECLOSURE: "friendly foreclosure" (still considered a foreclosure on record)
    • BANKRUPTCY: Will stall foreclosure but not prevent it

IMPORTANT NOTICE:  RE/MAX Advantage Realty, Inc. is not associated with the government, and our service is not approved by the government or your lender.  Even if you accept this offer and use our service, your lender may not agree to change your loan. If you stop paying your mortgage, you could lose your home and damage your credit rating.


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