Temporary Solutions

There are many workout options that a lender will present to you if your loan default is the result of a temporary situation. Payment plans and loan forebearance are a couple of options that the lender may propose. Loan modification is another option. While I am not an expert in this field as it pertains workout options, I thought this was a good website to pass along that may help answer those questions if your lender decides loan modification may be your best option. Check out this website from Housing and Urban Development and it should take you in the right direct.