Breadon Inc.

Adding value to you.

WHAT ARE MY OPTIONS?

Re-Negotiate With Current Lender:
Forbearance Agreement: Usually must re-qualify - a payment program is structured to bring the account current.

Loan Modification: Usually must re-qualify - The load is restructured to factor the delinquent amount into a new loan with interest.

Refinance the Property:
Homeowner is usually required to bring account current before refinancing. Primarily depends on 80/20% Loan To Value (LTV)

List the Property with a Real Estate Agent:
Try to sell home to pay off or attempt a short sale with lender(s).

Sell the Property yourself or to an Investor:
There are number of options a homeowner has in selling the home without the help of a realtor. For Example: Put a "For Sale" sign in the front window, place ads in local newspapers or pass out flyers.

Declare Bankruptcy:
Could stop Auction Process. I'm NOT telling you to do so! With BK, dept and penalties accrue, 85% of people still loose their house.

Borrow Money From a Friend or Relative:
A bit extreme.

Deed in Lieu Foreclosure:
Friendly Foreclosure: Agree to voluntarily give the house back to the lender. Lose everything but house does not go to auction. Not good on credit record, yet better than a foreclosure.

Do Nothing and let the house GO TO AUCTION:
Homeowner will be evicted by the Sheriff Strongly ill-advised.

11956 Bernardo Plaza Dr. Suite 131, San Diego CA 92128

  OFFICE: (858) 952-1141
  FAX: (858) 613-0374
  info@BreadonInc.com