Check out www.GoHomebuyer.com to take the whole Facing Foreclosure online training course. This video includes one section of the course, which offers insight into loan reinstatement options. These options may prevent foreclosure and allow you to keep your home. They include a refinance, reverse mortgage, repayment plan, loan modification, forbearance, and partial or advance claim. Tag along with the Johnson family as they discover which option can help them avoid a foreclosure….
www.ncacreditrepair.com Loan Modification – This is when your loan is restructured with your current lender. This option not only improves your credit, it is also the best way to keep your property. With this option, our goal is to significantly reduce your mortgage payment by achieving one or more of the following things: Rate reduction Rate locks Principal reduction Forgiveness of late defaulted payments Short Refinance – This restructuring plan encourages clients to refinance, typically …