Bernard Farrell
Associate Real Estate Broker
Home SiteMap

RE/MAX One Solutions
8609 Westwood Center Drive, Ste 202, Vienna, VA 22182
VA License Number: 0225-054062

9 Ways to Avoid 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



Call or email today and allow me to help!

* - Required fields
Phone Number:
Your email address*:
 Note: Please be assured that your e-mail address will never be sold, shared or used for any other purpose without your permission.