foreclosurealternatives

As a homeowner, the thought of falling behind on your mortgage or dealing with the possibility of foreclosure can be a traumatic experience and extremely stressful. The last thing any homeowner wants to think about is losing their family’s home. If you are struggling with your mortgage payments or owe more than your house is worth, please remember that you do have options.

 

Unfortunately, many homeowners who are in this position simply give up and in to the foreclosure process without being fully aware of the many options that may be available to them.

 

Foreclosure is the legal process by which a lender takes back ownership of a home and sells it because a loan is in default. In some states, a non-litigated foreclosure can take as little as 1-2 months, so it is important that you act fast. Our goal is to connect with homeowners as early in the process as possible in order to help them understand all of the options that may be available to them. Some possible foreclosure alternatives include:

  • Refinance
  • Mortgage Repayment Plan
  • Forebearance
  • Loan Modification
  • Leasing
  • Deed in Lieu of Foreclosure

If you, or someone that you know, is having problems paying their mortgage, please contact our office for a free consultation to discuss the situation.

Contact CornerstoneContact Cornerstone