Foreclosure Alternatives: In Depth

In a previous post, I provided a list of alternatives to foreclosure with a brief description of what they are.  In the coming days, I will provide a closer look at each of the alternatives.  Following is the list of options that we’ll delve into.

  1. Reinstatement
  2. Forbearance or Repayment Plan
  3. Mortgage Loan Modification
  4. Deed in Lieu of Foreclosure
  5. Bankruptcy
  6. Service Members Civil Relief Act
  7. Sell the Property
  8. Short Sale

Please visit my blog over the coming days to read more about these alternatives.  As a Certified Distressed Property Expert, I am trained to handle this most difficult of situations, homeowners facing foreclosure.  You are not alone and I am here to help you.  In the meantime, feel free to call or email me anytime at 703-403-0536 / patrick@patrickduffyrealtor.com.  A wealth of foreclosure resources can also be found at www.NorthernVaShortSaleHelp.com.

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