Knowing your options to avoid a foreclosure are important in saving your credit. Here we quickly discuss the nine most common ways to avoid a foreclosure. These ways include: reinstating the loan, doing a forbearance, refinancing, loan modification, selling the property, renting out the property, participating in a short sale, deed ‘in lieu,’ and bankruptcy.
The expert staff of the Hunthausen Group are here to discuss your options and responsibilities if you are in a distressed property situation. Please don’t hesitate to call!
