How to Prevent Foreclosure
In this Report
- The Foreclosure Process
- What Options Are Available?
The Foreclosure Process
The first thing you need to do is understand the Foreclosure Process, then we can cover your options to prevent foreclosure and save your credit.
What exactly is a Note and a Mortgage... What's the difference?
A Note is your promise to pay the debt and under what terms. A Mortgage secures that promise, using real estate as the collateral. In other words, by signing the Note, you promise to pay the bank back for the money you borrowed to purchase a property. The Mortgage is the document that gives the lender the right to foreclose on your property if you don't repay the lender based on the terms of the Note.