Foreclosure Avoidance Option -5

Foreclosure Avoidance Options

Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. The options available to residents for foreclosure are many, including but not limited to short sales. Each day, in the next 10 days I will be providing a brief explanation of these solutions:


Option #5: DEED IN LIEU OF FORECLOSURE

Also known as a 'friendly foreclosure,' a deed in lieu allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.

This represents only one of the solutions available to homeowners facing foreclosure. Check back tomorrow where I'll discuss another Foreclosure Avoidance Option.


If you would like an all inclusive list immediately, please call or email me-No obligation

Understanding your options now could mean all the difference in the world.

I am a Designated CDPE, for a confidencial evaluation of your individual situation, property value, and possible options, call me.