Your name saw this post on The ActiveRain Real Estate Network and thought it might be of interest to you. Please see the link below to review the post.

Options for Distressed Homeowners
Many of homepowners who are at risk of default or who have defaulted on their mortgage believe that foreclosure is their only solution. The short answer is "no", there are there other options available.

We have listed 6 other options available for Distressed Homeowners below, how can we help you?
1. HAFA:The acronym for Home Affordable Foreclosure Alternatives. It is a fairly new government program to help homeowners avoid foreclosure. HAFA provides for lenders and homeowners to carry out a short sale or deed-in-lieu of foreclosure. An incentive has been established for homeowners of $3,000 for a successfully completed short sale or deed-in-lieu of foreclosure.
2. HAMP: This is the Home Affordable Modification Program, another government program for the homeowner who is struggling with their monthly payments and a modification of loan terms such as a lower interest rate could bring the mortgage payment down to a level they can afford.
3. 2MP:Second Lien Modification Program. 2MP is for homeowners who are struggling with payments in part because of a second lien on their home. For those who are eligible, the program offers a way to lower payments on their mortgage. 2MP is a complimentary program to the Home Affordable Modification Program (HAMP), so it is meant for ... more

__________________________________________________
Are you on The Rain? Grow Your Network!