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If you are facing foreclosure, and you owe close to or more that what you house is worth, then you have 5 options available to you. We know that this may be an emotional time for you and your family, but we suggest that you try and look at the situation from an analytical point of view. Don't let any emotional attachments that you may have to your house, influence you into making a decision that may be pleasing temporarily, but destructive in the long-term.
Also keep in mind that the clock is ticking and it doesn't stop. You need to take action right away so you can stop the foreclosure, protect your credit, and protect your financial well being. All of the options available to you take time to implement and execute. So regardless of which option you choose, the sooner you get started, the more likely you are to see a successful outcome to your situation.
Your 5 Available Options:
Reinstate The Loan
Attempt a Loan Modification
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