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Old 09-19-2007, 09:08 PM
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Join Date: Jul 2007
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Default behind mortgage save my credit

If you are behind on mortgage you have many options. Your first question should be can I afford my mortgage payment? If the answer to this question is no
you have 2 options.
Short Sale - Sell your house for less than you owe.
Deed in Lieu - Give the home back to the mortgage company if there are no additional liens or judgments.. Will still be considered a foreclosure but there should not be any judgments against you.

If you can afford your home read the next thread
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Loan Modification Help - Loss Mitigation Training Manual - Short Sale Training


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