A thorough, step-by-step guide detailing all the ways possible to prevent foreclosure. Includes instructions on how and when to contact your lender and/or a HUD counselor, information about mortgage modification, partial release, deed-in-lieu of foreclosure, repayment plan, pre-foreclosure sale, and much more.
Based on sound legal advice, this article presents a general plan to help swamped homeowners set up a schedule for debt payment. Many people on the brink of bankruptcy may be able to breathe easier if they understand their debt and can prioritize payments during a difficult time.