Greg Coltrin

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Greg Coltrin
Coltrin Real Estate
Professionalism You Can Count On!
Office: (760) 999-0115
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Alternatives to Foreclosure

Are you facing foreclosure? The thought of losing your home can definitely be scary, but there are alternatives to foreclosures that can help you retain ownership of the home. The type of mortgage that you have may determine the alternatives that you can pursue to stay in your home. Your REALTOR® can help you to review your situation and find a solution that is right for you. The options that follow are possibilities for many struggling homeowners.

Many of these options are available under the Making Home Affordable Program from the U.S. government. This program has options for modification and refinancing of your mortgage as well as alternatives for those homeowners who are interesting in a deed-in-lieu of foreclosure or short sale under the Home Affordable Foreclosure Alternatives Program. Of course, always consult with your accountant and attorney for legal and accounting advices.