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Alternatives to Foreclosure

Foreclosure is the legal process used by a lender to force the sale of real property used as security for a mortgage loan or deed of trust in the event of default.  During this process, the homeowner still has ownership and legal rights to the home.

  • —  Contact mortgage company
  • —  Loan modification
  • —  Contact HUD
  • —  Refinance the mortgage
  • —  Sell the home
  • —  Short Sale
  • —  Deed In Lieu of foreclosure
  • —  Bankruptcy