9 Ways to Avoid Foreclosure Now in California
What It Really Means & How to Avoid It
REINSTATEMENT: Bring the loan current
FOREBEARANCE: Temporary repayment plan
REFINANCE: New loan with reduction in monthly payments
LOAN MODIFICATION: Modify original loan terms
SELL THE PROPERTY: Use equity to payoff or pay difference
RENT THE PROPERTY: Must make loan current
SHORT SALE: Negotiate with bank to accept sale under loan amount
DEED IN LIEU OF FORECLOSURE: “friendly foreclosure”
BANKRUPTCY: Will stall foreclosure but not prevent it
HUD Counseling
Serving San Luis Obispo, Santa Barbara and Kern County
James Outland Jr., Broker Associate with Outland and Associates Real Estate, 2665 Shell Beach Road, Suite J, Pismo Beach, Ca 93449,
James@Outlandinc.com, 1(805)748-2262, DRE#01314390
