HOW TO STOP FORECLOSURE IN CALIFORNIA »
By Jerry on Aug 16, 2008 in Foreclosure Answers, Home-Owner Tips, Market Trends, loan modification | 1 Comment
What options are available for people who is behind in their mortgage payments and would like to avoid loosing their home and stop foreclosure?
Briefly described are the most practical ways you can stop foreclosure in California in today’s market:
REPAYMENT PLAN
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For borrowers who have incurred a short term financial hardship and are two or more months past due.
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Borrowers must be able to show that they can afford their current mortgage payment in addition to a new re-payment plan to bring their behind payments up-to-date.
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If you are able to pay an additional $600.00+ (Estimate) on top of your currently mortgage payment and you no longer have a hardship, then this could be the way to stop foreclosure.
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Borrowers must show paperwork (Lite Doc) to prove they can afford their mortgage payment and their new payment plan.
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If you would like free assistance, you can get it from a non-profit organization called HOPE by dialing (888) 995-4673
PRINCIPAL REDUCTION REFINANCE






