9 Ways To Avoid Foreclosure
Reinstatement:
Bring the loan current
Forebearance:
Teporary repayment plan
Refinace:
New loan with reduction in payments
Loan Modification:
Modify original loan
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 loan amount
Deed in Lieu of Foreclosure:
"Friendly Foreclosure"
Bankruptcy:
Will stall foreclosure but not prevent it