Russell-Realtor

Your internet source for Selling & Buying homes in El Paso County

Avoid Foreclosure Now

 

9 Ways to Avoid Foreclosure

 

Reinstatement:

This means that you will bring the loan current.

Forbearance:

This mean you are requesting a temporary repayment plan

Refinance:

This is a new loan with reduction in monthly payments

Loan Modification:

You are requesting a modification of the original loan terms.

Sell The Property:

You are using your equity in the home to payoff or pay difference

Rent the Property

However, you must make the loan current

Short Sale:

You contact a licensed realtor to negotiate with the lender to accept sale under loan amount.

Deed in Lieu of Foreclosure:

This is known as a friendly foreclosure

Bankruptcy

This will stall foreclosure process but NOT PREVENT IT.

DON’T LET TIME RUN OUT! CONTACT ME TODAY AT yrussell@remax.net or visit www.russell-realtor/distressedproperty

 
   
Advertisement

October 25, 2009 - Posted by | distressed property, el paso homes for sale, el paso real estate market, Financing, foreclosure, FSBO, Homes for Sale, short sales

No comments yet.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Connecting to %s

Follow

Get every new post delivered to your Inbox.