Manuel Bernal, Broker Since 1974
Your Real Estate Specialist, Home, Condo, Apartments, Commercial

call now

949-690-2418

FORECLOSURE - What it really means & How to avoid it.

June 29,2026 | Posted By Manuel Bernal in Buying
Share On:
9 ways to avoid FORECLOSURE
REINSTATEMENT
  • Bring loan current
FOREBERANCE
  • Temprary repayment plan
REFINACE
  • New loan with reduction in monthly payments
LOAN MODIFICATION
  • Modify original loan terms
SELL THE PROPERTY
  • Use equity to payoff or pay difference
RENT THE PROPERTY
  • Must make loan current
SHORT SALE
  • Negotiate with bank to accept sale
DEED IN LIEU OF FORCLOSURE
  • Friendly Foreclosure
BANKRUTCY
  • Will stall Foreclosure but not prevent it


 
Copyright © 2002-2026 Strategic Agent Inc.
Real Estate Websites by Strategic Agent Inc.
Accessibility Help Skip to content Skip to menu Skip to Footer

Text Reader