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Preventing Foreclosure In Oregon-West Coast Property Group

This article will help explain how Preventing Foreclosure In Oregon is not as challenging as you might expect. At West Coast Property Group we understand sometimes in life, financial challenges can make you get behind on your home payments. This may put your home at risk of being foreclosed on; something that no homeowner wants to hear. Fortunately, the sooner you act, the higher the chances of preventing waking up to that dreaded foreclosure notice. There are a number of things that can be done to remedy the situation by talking to a lender as soon as you realize there might be a problem. Some of the alternatives available to you in preventing foreclosure in Oregon include the following. www.westcoastpropertygroup.com<br>(541) 780-2424

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Preventing Foreclosure In Oregon-West Coast Property Group

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  1. Preventing Foreclosure in Oregon West Coast Property Group

  2. Preventing Foreclosure Life Happens Sometimes financial challenges can cause you to fall behind on house payments. Act Fast The sooner you act, the higher the chances of preventing foreclosure. Talk to a Lender There are alternatives available to prevent foreclosure.

  3. Mortgage Loan Modification • The lender adjusts the loan so it becomes more manageable. • This can be done by reducing the rate of interest or lengthening the loan. • Lenders will look at your monthly income to calculate the appropriate percentage for the mortgage payment.

  4. Short Sale • Requires approval from your respective lender. • You, as a homeowner, advertise your house for sale. • An interested party makes an offer and the lender green lights the sale. • Prevents the property from sitting on the market without attracting potential buyers.

  5. Forebearance • An option if one or more payments have defaulted. • The lender can offer a certain amount of time in order to make up the payments. • This grace period is helpful if you are between jobs or having temporary issues with money.

  6. Lenders Prefer NOT to Foreclose • Foreclosures do not benefit lenders in any way. • Lenders are not in the real estate business, so they cannot seek out buyers for your home. • The longer a foreclosed home sits on the market, the more money a lender can potentially lose.

  7. Phone Number 27189 Huey Lane (541) 780-2424 Eugene, Oregon 97402 West Coast Property Group Visit Us At: www.WestCoastPropertyGroup.com @ Email Address wcpropertygroup@gmail.com

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