Avoid Foreclosure

As a homeowner, you have several options to choose from that will help you keep your home.

Here are some of your options:
Refinance:	A new loan to replace your current mortgage with new terms, interest rates and monthly payments. Even if your home value has decreased or you owe more than your home is worth, you may be able to refinance your home as part of the government's Home Affordable Refinance Program (HARP).
Forebearance:	An offer by your mortgage company to temporarily suspend or reduce you monthly mortgage payments for a specified period of time.
Loan Modification:	An agreement between you and your mortgage company to change the original terms of your mortgage such as: payment amount length of loan interest rate You may also be eligible for the government's Home Affordable Modification Program (HAMP) created to help struggling homeowners.

The #1 reason foreclosure happens is because homeowners do not know they have options.

As a homeowner, you have several options to choose from that will help you sell your home to avoid foreclosure.

Here are some of your options:
Short Sale:	Sale of a home for less than the balance remaining on the mortgage. If your mortgage company agrees to a short sale, you can sell your home and pay off all (or a portion of) your mortgage balance with the proceeds.
Deed-in-Lieu:	Transfer the ownership of your property to the owner of your mortgage in exchange for a release from your loan and payments.

The #1 reason foreclosure happens is because homeowners do not know they have options.