Forbearance or Repayment Plan:
A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.
This represents only a summary of one of the solutions available to homeowners facing foreclosure. Please call me today for a FREE confidential evaluation of your individual situation, property value, and other possible solutions.