Bernard Farrell
Associate Real Estate Broker
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RE/MAX One Solutions
8609 Westwood Center Drive, Ste 202, Vienna, VA 22182
VA License Number: 0225-054062


9 Ways to Avoid Foreclosure

FORECLOSURE
What It Really Means & How to Avoid It

9 Ways to Avoid Foreclosure:

REINSTATEMENT:  Bring the loan current

FORBEARANCE: Temporary repayment plan

REFINANCE:  New loan with reduction in monthly payments

LOAN MODIFICATION:  Modify orignial 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"

BANKRUPTCY:  Will stall foreclosure, but not prevent it

DON'T LET TIME

RUN OUT!

Call or email today and allow me to help!

 
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