Tuesday, August 4, 2009

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 payoff 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

Currently there are a lot of homes on the market that have been foreclosed. Email me for a current list at burkebennett@hotmail.com

I can show you any home on the market.

Thanks Burke Bennett
Broker of SE Idaho Homes
http://www.seidahohomes.com
208 589 5599
burkebennett@hotmail.com Email me what you are looking for.