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Icon Mini Profile tandonan



Joined: 17 Jul 2006

Posts: 7



0.65 Dollars($)

PostPosted: Mon Jul 17, 2006 11:29 am    Post subject: foreclosure

hi, just like forbearance, i need to inquire more about other re-payment plans or other options available during foreclosure??
 
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Icon Mini Profile Samantha
Samantha
Community Mentor
Community Mentor

Joined: 16 Sep 2005

Posts: 1539
Location: MASSACHUSETTS


137.28 Dollars($)

PostPosted: Mon Jul 17, 2006 11:33 am    Post subject:

Hi Tandonan,

Welcome again.

In your previous thread I have mentioned about Loss Mitigation under which some other options have been mentioned. You can check that thread where that URL is given already.

Feel free to get back here if you have further queries.

God bless you.

For MortgageFit,
Samantha

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Icon Mini Profile blue
blue


Joined: 21 Oct 2005

Posts: 1138
Location: MARYLAND


137.64 Dollars($)

PostPosted: Mon Jul 17, 2006 11:55 am    Post subject:

Tandonan,

Loss Mitigation is a process which enables the borrower to avoid foreclosure with the help of the lender. The lender tries to find out some alternative payment plans for the borrower.

Samantha has already mentioned the section on Loss Mitigation in your previous discussion. For your benefit I am again providing it here. Do you require anything more specific? Feel free to ask here. The Community would be glad to help you.

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