Infographic: Alternatives to foreclosure

lifesaver

If you are a struggling homeowner, you don’t have to wait until your lender lowers the boom, nor do you have to walk away because you think your equity-depleted home will never regain it’s value.

The recent “Con artists leeching off new, improved federal mortgage and foreclosure relief programs” offers information about major federal programs that can help you keep your mortgage and homeownership intact, without falling prey to scams that pretend affiliation with those programs.

However, considering only major programs just skims the surface when it comes to the number of alternatives you really have to avoid foreclosure.

You may not be eligible for all or even most of the alternatives but, because there are so many, chances are, at least a few will help prevent you from losing your home.

Before you throw up your hands in defeat, consider the success you can attain – and the money you’ll save – by examining your options. Mouse over the infographic below and get started.

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About the author

DeadlineNews.Com's Publisher, Executive Editor and Founder, Broderick Perkins, was the first real estate journalist to manage a daily newspaper's online real estate section. He parlayed more than 30 years of old-school journalism into a digital real estate news service offering "News that really hits home!" -- the Silicon Valley bootstrap, DeadlineNews Group - DeadlineNews.Com and the Deadline Newsroom. Network with Broderick Perkins on LinkedIn, FaceBook, Twitter, Google+ and the Bloomberg Business Exchange.

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