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Basic Things You Can Do to Stop Foreclosure Now


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If you want to stop foreclosure now there are many things you can request to the bank or lender if you want to keep your home. The things you can do include a reinstatement plan, repayment plan, loan modification, loan refinance, loan forbearance, and more. If you really want to keep your home you should consider these things.

1 - Reinstatement Plan

A reinstatement plan includes the late fees, the amount of money past due, and attorney costs if there are any. This is the amount of money owed if you want to bring your loan up to current. You will be eligible for a reinstatement if you can come up with a lump sum of money.

2 - Repayment Plan

The most common way to stop foreclosure now is to work out a repayment plan with the bank. The bank will allow you to repay a portion of the amount of money you are delinquent on each month to get paid off. You will be required to get back on track with your monthly payments. In addition to the monthly payments you will have to make monthly payments on the delinquent amount as if it is a loan. You can negotiate with the lender how you can pay off the amount owed to the bank. You may need to have a down payment for the arrearages also.

3 - Loan Modification

There are lenders who will allow you to stop foreclosure now by offering a loan modification or restructure. If you have the ability to make your monthly payments on your home loan but you cannot catch up with the past-due amount the lender might be willing to take the past due amounts and add them to the principal balance. This new amount may re-amortize over a new period of time and possibly extend your mortgage note. Modifying the loan may bring it down to a more affordable monthly payment.

4 - Loan Refinance

Some lenders will completely refinance your loan. If you find yourself in a position you want to stop foreclosure now and you can no longer afford the monthly payments a bank may work with you. A loan refinance will completely refinance your loan. Usually, in order to do this is if you have made all of your payments on time for 12 straight months and you show a financial stability. If you are looking at foreclosure because you cannot make your payments and have missed payments it may be too late to refinance. Refinancing your loan is the best option before you end up in the bad situation.


There are many things you can do to stop foreclosure now . You should consider talking to your lender and find out what they will allow you to do. Banks don't want you to foreclose. They want you to keep your home. There are options for you to keep your home if you can financially afford the payments. You should talk to your bank and find out what you can do to save your home and your credit. They may give you a new payment entirely or put what you owe on the end of your loan.

Don’t fall victim to foreclosure! Learn unique methods that will help you secure your financial future today. Get the ‘Foreclosure Survival Handbook’ and discover how to stop or delay your foreclosure immediately.

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