Stop Foreclosure

Millions of American Homeowners have been wrestleing with the daunting task of having to find a way to stop foreclosure.

How can a Homeowner stop foreclosure?

There are a number of ways to stop foreclosure. Though there are vonly two primary results. A Homeowner must first decide which result is the objective of their efforts going to target.

The Two Results....

1. Keep the Home
2. Move out and Give up the Home.

If a Homeowner no longer wants the home several options are available...

1. Short Sale
2. Sell
3. Deed in lieu of Foreclosure
4. Foreclosure

If a Homeowner wants to keep their home there are even more options. Today there is a dominaiting three foreclosure alternatives that allows the Homeowner to stop foreclosure and keep their home.

Three options...

1. Repayment Plan
2. Forebarence Agreement

• Both of these options stop foreclosure by reinstating the original loan or mortgage agreement

3. Loan Modification

By far the mosrt popular foreclosure alternative is loan modification. Homeowners tend to favor a loan modification over other forms of foreclosure workout agreements because a loan modification allows the Homeowner the chance to obtain a reduced mortgage payment or even sometimes a principle reduction there by greatly reducing the cost of the mortgage.