Avoid Foreclosure, Contact Pat Marcotte for assistance
CALL TODAY AND ALLOW OUR TEAM TO HELP!

The Pat Marcotte Team:


Patricia Marcotte



978-524-8725

Amy Wallick



978-767-0889

Jodi Finney Nicastro



978-697-5013

RE/MAX Advantage
100 Cummings Center - Suite 104F
Beverly, MA 01915
www.patmarcotte.com

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FORECLOSURE:
What It Really Means and How to Avoid It


8 Ways to Avoid Foreclosure:

REINSTATEMENT: Bring the loan current

FOREBEARANCE: Temporary repayment plan

REFINANCE: New loan with reduction in monthly payments

LOAN MODIFICATION: Modify original loan terms

SELL THE PROPERTY: Use equity to payoff or pay difference - must make loan current

SHORT SALE: Negotiate with bank to accept sale under loan amount

DEED IN LIEU OF FORECLOSURE: "friendly foreclosure"

BANKRUPTCY: Will stall foreclosure but not prevent it