If you or someone you know is facing foreclosure there is still time for you to prevent the dreaded “F word”. Here a some things you can do about it:
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Loan modification
You will need to work with your lender to negotiate a modification of your loan terms to see if any change can be done to support your new financial position. If you would like to know if you can qualify for a loan modification send an email to Home Relief Options for other loan modification programs
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Deed In Lieu
You basically transfer the title of your home to the servicer of your loans. Stipulations apply of course you can go here to learn more about Deed In Lieu’s HAFA Program
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Pay off the balance of the mortgage
Self Explanatory
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Short Sale
If all else fails this may be your last and BEST option. Basically you are selling your home for about the balance left on the loan. You can do this on your own or you can have a team do this for you at NO CHARGE to you whatsoever. If you have questions or need to speak to someone about your situation contact Home Relief Options for assistance or visit Home Relief Options
