Avoid Foreclosure in Atlanta
What does foreclosure in Atlanta mean? How can one avoid it?
- REINSTATEMENT: Bring the loan current;
- FOREBEARANCE: Temporary Repayment Plan;
- REFINANCE: New Loan with a reduction in monthly payments;
- SELL THE PROPERTY: Use the equity to pay-off or pay the difference
- RENT THE PROPERTY: You must make the loan current;
- SHORT SALE: Negotiate with the lender to accept a sale that is less than the loan balance;
- DEED IN LIEU OF FORECLOSURE: “Friendly Foreclosure”
- BANKRUPTCY: Will stall foreclosure, but will not prevent it.
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