[Tom Brady]

Lenders are generally aware of the fact that if they will not agree to modify your loan, they would not receive any payment from you at all. Therefore, they are more than willing to help you determine how much you can afford to pay and collect it rather than foreclose on your property. Aside from not get money from you, your lender also spends a lot in a foreclosure. But just in case your lender is staunch enough to proceed with foreclosure, there are still available options for you to take in order to avoid foreclosure.