FORECLOSURE: What It Really Means and How to Avoid It 8 Ways to Avoid Foreclosure: REINSTATEMENT: Bring the loan current FOREBEARANCE: Temporary repayment plan REFINANCE: New loan with reduction in monthly payments LOAN MODIFICATION: Modify original loan terms SELL THE PROPERTY: Use equity to payoff or pay difference - must make loan current SHORT SALE: Negotiate with bank to accept sale under loan amount DEED IN LIEU OF FORECLOSURE: "friendly foreclosure" BANKRUPTCY: Will stall foreclosure but not prevent it

Don't let time run out

When considering a short sale it is vitally important to get educated as early on as possible so that you can avoid foreclosure. A short sale is a suitable and dignified way of selling your home and preserving your credit.

The Northshorist Group is experienced with all aspects of a short sale. We have negotiated and closed many successful transactions and we are always current on the constantly changing requirements of the major banks.

Our confidential consultations are designed to coach and educate so that you can make the best decision possible. If you are interested in discussing your options please fill out the form below or contact us directly at (978) 524-8725.

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