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.
Tuesday, August 4, 2009
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