Foreclosure Solutions

The current U.S. housing market and national financial crisis has caused untold stress and heartache for families across the country as well as right here in the Pacific Northwest. The emotional and financial fallout from a Foreclosure can be devastating and it is something that many times can be avoided by exploring options and finding an alternative to foreclosure. The options available to Seattle residents (and it’s surrounding communities) are many.  Feel free to contact us if you’d like to talk further about your options.425.432.5400 or email us.

Reinstatement-

-bring the loan current

Deed in Lieu of Foreclosure

-”friendly foreclosure”

Loan Modification

-Modify original loan terms

Refinance

-New loan with reduction in monthly payments

Short Sale

-Negotiate with bank to accept payoff of loan which is less than the amount owed

Forebearance

-Temporary repayment plan

Sell the property

-Use equity to pay off or pay the difference at closing

Rent the property

-Must make loan current

Bankruptcy

-Will delay foreclosure but will not prevent it

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