So which is the best option for me?
There is not one solid answer to this question, however there are key elements to keep in mind when making your decision. Choosing which avenue of relief depends on assets, expenses, income, liabilities, and the underlying reason for the foreclosure. Your best choice will also be determined by the mortgage type in place and at what point of the foreclosure process you're at when you decide to save the house.
Depending on how deep a hole you've dug yourself, and how long you're willing to devote yourself to finding daylight again, will all go into your decision on which alternative to use when trying to either keep your house or to let it go through the entire foreclosure process.
More about the official process and steps required in a foreclosure will follow in my next post. Keep your eyes open!!
