CALL TODAY AND ALLOW OUR TEAM TO HELP!
The Pat Marcotte Team:
Patricia Marcotte

978-524-8725
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Amy Wallick

978-767-0889
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Jodi Finney Nicastro

978-697-5013
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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
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