Know all Your Options As a CDPE, I can navigate a homeowner through a variety of options. Below I’ve listed some of the most common alternatives to foreclosures that homeowners can choose from: Reinstatement:·Benefit: Does not require the mortgage company or lender’s approval.·Drawback: Requires that a homeowner be able to pay all back payments and fees. Forbearance or Repayment Plan·Benefit: Allows the homeowner to make back payments over time.·Drawback: Requires that a homeowner be in a financial position to pay not only their current mortgage, but also a portion of the back payments owed. Mortgage Modification·Benefit: Reduces the … (1 comments)
short sale bank of america: Handling the Stress of an Unaffordable Mortgage Payment
- 08/09/11 04:43 AM
Handling the Stress of an Unaffordable Mortgage Payment Whenever I research the latest foreclosure and distressed property statistics, the sheer number of Americans facing the stress of losing their homes amazes me. It is my goal to help as many homeowners I can either stay in their homes or relieve the burden of their mortgages. Knowing that there are so many that need my help is a driving force for me to continue doing what I do. In fact, I just released another report that I’ve made available on my website today. It explains the CDPE designation and lists 10 options … (1 comments)
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