Common Ways to Avoid Foreclosure
When facing a foreclosure isn’t a foregone conclusion if you find yourself in a financial quagmire.
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When facing a foreclosure isn’t a foregone conclusion if you find yourself in a financial quagmire. If your home has entered pre-foreclosure (or you’re afraid it soon will), there are opportunities and ways to protect you and your home. The best way to do it is by facing things head-on, taking proactive steps, and turning fortunes around. The earlier you act, the better your chance to stop a foreclosure auction.
Some of the most common ways to avoid a foreclosure are the following:
- Working it Out a Plan with Your Lender or Loan Servicer
- Selling Your Home
- Mortgage Refinancing
- Filing for Bankruptcy
- Using a Home Equity Line of Credit (HELOC) to reduce debt obligations
Click the hyperlink on each way for more information.
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