short sale specialists: 10 Ways to Alleviate the Stress of an Unaffordable Mortgage...
- 02/04/12 12:43 AM
10 Ways to Alleviate the Stress of an Unaffordable Mortgage...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 (0 comments)