How to Avoid Foreclosure

Here are a few tips to help to help you get ‘right’ with your bank or lender holding your mortgage.

• Get current on your mortgage payments
• Call your lender and work-out a loan modification
• Ask the bank for forbearance. They will put the past-due payments as principal on the back-end of the loan.
• Surrender the deed to the bank (Deed in Lieu of Foreclosure)
• Sell the property to pay off all liens
• Sell the property through a short sale