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Help Home Forclosure – Ways To Prevent Foreclosing your Home

21 October 2008 6,209 views No Comment

Facing forclosure is stressfull. You feel like you failed and tend to think there is no way to save your home from foreclosing. This year it is projected that there will be well over 2 million foreclosure. But there are ways to avoid forclosure even if the sherriff is on his way to hand you the eviction notice. But you need to do it fast as time is not your friend at the moment.

You see the lenders don’t gain anything by forclosing your home and esspecially in the current real estate market they are also keen on looking at alternatives. Some of those alternatives are:

  • Restructure the loan
  • Refinance the loan
  • Deed-in-lieu of Foreclosure
  • Bankrupcy

The most effective way to avoid foreclosure is to modify the exsisting loan by negotiating a lower interest rate, lower fees or fi the payback period lengthened.

There are companies that are specialiced in negotiating with lenders in situations like this. One of those is HomeAssure.com
They have a free consulation and a 100% satisfaction guarentee.

Some other companies are:
321 Foreclosure
Foreclosure Fighters

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