Cheyenne Wyoming Bankruptcy

CHEYENNE WYOMING BANKRUPTCY

When you first bought your home, chances are foreclosure was the last thing on your mind. Times are tight. Bills are getting harder to pay. You may even possibly be facing foreclosure? The time to act is now before that happens.

I’m here to offer my assistance in getting through this tough time. There are pros and cons to Foreclosure and if you don’t know all your options you may create additional problems further down the road.

Don’t wait to call your lender. Avoiding phone calls will not help your situation and they may the answer you need.

9 Ways to Avoid Foreclosure:

1. REINSTATEMENT: Bring the loan current

2. FORBEARANCE: Temporarily repayment plan

3. REFINANCE: New loan with reduction in monthly payments

4. LOAN MODIFICATION: Modify original loan terms

5. SELL THE PROPERTY: Use equity to payoff or pay difference

6. RENT THE PROPERTY: Must make loan current

7. SHORT SALE: Negotiate with bank to accept sale under the loan amount

8. DEED IN LIEU OF FORECLOSURE: “Friendly Foreclosure”

9. BANKRUPTCY: Will stall foreclosure but not prevent it

Connie Webb