Loan Modification

A loan modification is a change to the original terms of your mortgage loan. Unlike a refinance, a loan modification doesn't pay off your current mortgage and replace it with a new one. Instead, it directly changes the conditions of your loan.

Cash Sale

Selling to an investor means a quicker — and smoother — sale. Big plus: Not waiting around for months for potential buyers to make a decision. Selling a home quickly helps you avoid foreclosure and pocket some money to help make a fresh start

Deed in lieu of foreclosure    

In this process, the mortgagor deeds the collateral property, which is typically the home, back to the lender serving as the mortgagee in exchange for the release of all obligations under the mortgage. Both sides must enter into the agreement voluntarily and in good faith. The document is signed by the homeowner, notarized by a notary public, and recorded in public records.