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Where Can I Find More Information on Foreclosure Prevention?
There are a variety of programs available to help you resolve your delinquency and keep your home. You may be eligible for a payment deferral which allows you to make reduced payments for a period of time. Or, if you have missed a few payments, you may qualify for a temporary or permanent solution with a modification to your loan to help you get your finances back on track. Depending on your circumstances, staying in your home may not be possible. However, a short sale or deed-in-lieu of foreclosure may be a better choice than foreclosure.
Please see the programs below for more information, or you can contact us at 1-866-519-3479. Additional foreclosure prevention information is provided by SunTrust at Equity Home Retention.
|Payment Deferral||Make reduced payments or no payments for a specific period of time||Have time to improve your financial situation and get back on your feet|
|Modification||Modify the terms of your loan to make it more affordable||Allows you to transition out of your home without going through foreclosure|
|Deed-in-Lieu of Foreclosure||Transfer the ownership of your property to SunTrust||Allows you to transition out of your home without going through foreclosure
This is useful when there are no other liens on your property