Can loan modification stop foreclosure? Can refinancing stop foreclosure?? Can ignoring it stop foreclosure? Find out 8 solutions that may stop foreclosure. Presented by Amerihope Alliance Legal Services, a law firm that has helped over 5,000 homeowners keep their homes from foreclosure.

1. 8 Ways
Homeowners Can
Stop Foreclosure

2. 1). Be on Top of Your Situation
Don't ignore your problem;
do something!
 Reach out to your lender for a solution
- 1oz of prevention = 1lb of cure
 If you've already received a Notice of Default:
- You must respond within 20-30 days.
 Talk to a foreclosure attorney at once.

3. 2). Refinancing
Only for homeowners who are current on their
mortgage payments
 Must also have a good FICO score and equity
for a new loan.

4. 3). Repayment Plan
 Allows homeowners to repay missed payments
 Missed payments are “spread out” over time
 Best for homeowners who've suffered temporary hardship

5. 4). Forbearance
- Only a temporary solution
- Allows a homeowner to suspend or reduce
payments for up to 6 months
- Borrower must pay an additional amount at end
to become current

6. 5). Proactive Foreclosure
Defense
 A lawyer fights foreclosure as long as possible
 Many homeowners use this to buy time to obtain
a loan modification.
 Some law firms combine proactive foreclosure defense
and loan modification.

7. 6). Loan Modification
 The ideal solution for homeowners in trouble.
 Changes terms of the mortgage agreement to
make it more affordable.
 Works best as compliment to foreclosure defense

8. 7). Bankruptcy
Only viable for some homeowners.
Harms long-term financial future
May not save a home from foreclosure
Should be considered a last resort

9. 8). Suing Your Lender In a Class Action Lawsuit
High
Risk of Losing Your Home
Completely
different from foreclosure defense

10. 9. Suing Your Lender Individually
 Involves extensive- and expensive litigation
 Requires time, money, and a good attorney
 Sometimes used as part of proactive
foreclosure defense.

11. There is no one-size-fits-all solution;
not every strategy or law firm is for everyone.

12. ?
Questions? Comments?
Do you need to speak with an
attorney about your foreclosure?
Call 877 – 882 – 5338
Email
info@amerihopealliance.com
Schedule a
Consultation at
www.amerihopealliance.com

13. Solutions presented by Amerihope Alliance Legal Services, a
foreclosure defense law firm representing homeowners in FL, IL,
NJ, NY, & PA.
(877) 882-5338
www.amerihopealliance.com