How to avoid foreclosure
March 4th, 2010
Partial Claim is another option to how to avoid foreclosure. This option works with you to obtain a single payment FHA fund-SAFE. To qualify for partial claim, make sure your loan is at least 4 months but no more delay of 12 months. You need to sign a promise of payment or promissory note and a lien will be placed on your property until the Promissory Note is paid in full. Another option to avoid foreclosure is called short-sale or quick sale. In this option, the lender agrees to sell his property in an amount less than the lender offered in this case the entire remaining debt forgiven pretest.
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