Foreclosure takes place when the owner of the property misses on several loan payments. Foreclosure is a long process in-between which you have many chances to stop a foreclosure by several ways. If you want to keep your home, you may opt for loan repayment, forbearance, or loan modification. You may also go for a short sale or a deed in lieu of foreclosure.
Best Ways to Avoid Foreclosure
Here, we will discuss some best ways to prevent foreclosure and come out of the foreclosure process:
- Refinance
- Mortgage Repayment
- Loan Modification
- Short Sale
- Deed-in-Lieu of Foreclosure
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