There are ALTERNATIVES that allow you to keep the house such as: part 4

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Real Estate Services with Laura Moore Godek, PC

PARTIAL CLAIM.

This alternative may work if the reason you fell behind on your mortgage payments was temporary. If your loan is an FHA insured loan, your lender may be able to obtain a one-time payment from the FHA Insurance Fund to bring your mortgage loan current with payments. You may qualify if your loan is at least four months delinquent but no more than twelve months delinquent, and you are able to resume making full mortgage payments.

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Groups:
Activerain Attorneys
Foreclosure Help and Prevention
Foreclosure Talk
Illinois Mortgage Professionals
Mortgage Professionals
Tags:
foreclosure
foreclosure alternative
partial claim
fha insured loan
fha mortgage
fha insurance fund
delinquent
mortgage payments

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Additional Information

I have more than 20 years of residential real estate experience represnting sellers, purchasers and creative investors. My affiliation with several title companies and in house closers assure clients and realtors closing times when needed. I am often available after hours and on weekends. I offer fixed closing fees as well as hourly rates. My office can also accomodate spanish speaking clients. If you have any questions please contact us. We'd be happy to help.