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FORECLOSURE: WHAT IT REALLY
MEANS
AND HOW TO AVOID
IT.
9 Ways to Avoid
Foreclosure
REINSTATEMENT: Bring the loan
current
FOREBEARANCE: Temporary repayment
plan
REFINANCE: New loan with reduction in
monthly payments
LOAN MODIFICATION: Modify original
loan terms
SELL THE PROPERTY: Use equity to
pay off or pay difference
RENT THE PROPERTY: Must make loan
current
SHORT
SALE: Negotiate with bank to accept sale under loan
amount
DEED IN LIEU OF
FORECLOSURE: "friendly foreclosure"
BANKRUPTCY: Will stall foreclosure but
not prevent it
DON'T LET
TIME RUN OUT!
Call today and allow our team of experts to
help!
Janet Board 502-648-5431
Email: Janet@JanetBoard.com
RE/MAX
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