Tuesday, January 27, 2009


Stop Foreclosure with a Repayment Plan.

A very easy method to get a creditor to work with you. The debtor in this case will pay a part of the funds that they are behind in but will agree to pay the rest of the loan in addition to the usual regular payment over a specified period of time.

Most lenders will take on this type of plan...

If the borrower can prove his or her income along with a correct down payment, then most lenders will take on this type of plan. Most of the lenders expect the late payments plus the legal fees to be paid up front with a commitment to pay the rest of the late payments within six months or so.

There are other variations of this type of situation, but most of the time, it is pretty similar.
This is just another way that you can use a foreclosure stop technique to work when you have to.

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