Ways To Avoid Foreclosure

Here are some options your lender may offer if you miss a payment and want to avoid foreclosure:

1. Repayment plan: your lender may provide some breathing room by agreeing to let you pay off your missed payment in two installments over the next two months.

2. Loan modification: mortgage servicers can adjust the terms of your loan — most often by lengthening the amortization schedule.

3. Short refinance: the lender forgives some of your debt and refinances the rest into a new loan.

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Do you want to sell your house fast in Texas for top dollar with the least hassle? Give us a call! (210) 853-2788 or click the button below.


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