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How
Can I Avoid Foreclosure & Save My Home?
Believe it or not,
banks DO NOT want your home back. An average foreclosure
costs the bank an extra $50K over what you owe. In this
tight market, banks cannot afford to take your home
back. The best option for you and your lender, is to
find a way to avoid foreclosure. Learn more about how
to avoid foreclosure
and save your home.
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What
is Deed In Lieu of Foreclosure?
What is Deed In
Lieu of Foreclosure? Can I save my home? "Deed
in Lieu" is an option to avoid foreclosure, but
it requires you to turn the property over to the lender.
The advantage is that it releases you from any financial
obligations you may have under the mortgage. Learn more
about deed in lieu of foreclosure.
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What
Is Short-Refinancing?
A short-refinance
loan is a home refinance loan that a lender agrees to
when a borrower is behind on their mortgage payments.
The short-refinance (also known as a short payoff) is
usually initiated to avoid foreclosure. Learn more about
short refinancing
to avoid foreclosure and save your home. |
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What
is Loss Mitigation?
Loss mitigation
covers the many options available to both lenders and
borrowers looking for ways to avoid foreclosure. Loss
mitigation can be initiated by either the lender or
the borrower to help you save your home. Learn more
about how loss mitigation
works and get foreclosure help. |
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What
Is Short-Sale Negotiation?
If your house has
declined in value and you owe more on the loan than
the property is worth, a short sale might be an option
to help you stop foreclosure. With a short sale, a lender
agrees to accept the market value of the home as payoff
for the mortgage loan. Lean more about short
sale negotiation when you need foreclosure help. |
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What
is Cash For Keys?
The "cash for
keys" strategy is typically used when a landlord
defaults on the mortgage of a rental property while there
are renters still in the home. The landlord can sell the
property for the amount owed in exchange for ownership
of the property with the current tenants. Learn more about
cash for keys programs
if you are a landlord in need of foreclosure help. |