There are 5 ways to stop a foreclosure.
- Bring yourself up to date with your lender.
- Negotiate a forbearance or a loan modification
- Try to do a Short SaleĀ
- Declare Bankruptcy
- Sell your house
Banks do not want to take your home away from you. They want to work with you because most banks end up getting less for your home if they sell it at an auction. They would prefer that you sell it, so they can get paid in full. The best way to slow the process down is to communicate with them.Ā
Evan Greene has over 30 years of real estate experience.
Call/text (631)848-8000 him and he can help you explore all your options.