9 Ways to Avoid Foreclosure

Reinstatement: Bring the loan current

Forbearance: Temporary repayment plan

Refinance: New loan with reduction in monthly payments

Loan Modification: Modify orginal loan terms

Sell the Property: Use equity to payoff or pay the difference

Rent the Property: Must make loan current

Short Sale: Negotiate with bank to accept less than loan amount

Deed In Lieu of Foreclosure: "Friendly Foreclosure"

Bankruptcy: Can stall foreclosure but not prevent it