There are ALTERNATIVES that allow you to keep the house such as: part 5

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Real Estate Services with Laura Moore Godek, PC

FORBEARANCE PLAN.

This option may provide for a temporary reduction or suspension of payments. The payment amount will be increased at a later time to repay the delinquent amount. Forbearance is available if you have a VA loan and may be available for other types of loans.  If the reason you have missed a mortgage payment or two was temporary this alternative may work for you.

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Groups:
Activerain Attorneys
Foreclosure Help and Prevention
Foreclosure Talk
Illinois Mortgage Professionals
Mortgages
Tags:
foreclosure
foreclosure alternative
forebearance
suspension of payments
mortgage payments
va loan

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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.