Kinnopio

Mortgage Foreclosure Threats?-Sell Your Home!

January 20th, 2008 by admin

 

If there is no other solution to stop mortgage foreclosure, one may have to consider the possibility of selling his home and purchasing something more affordable.  If the borrower opts to do this he will need to discuss it with his mortgage company.  The lender may agree to stop mortgage foreclosure for a designated period in order to give the borrower enough time to attempt to sell his home and pay off the remaining principle balance on the home.

 

Posted in Finance :: Mortgage & Debt

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