Avoiding Default and Foreclosure. This method might be appropriate when your issue having to pay your home loan is temporary.

You pay the loan servicer the entire past-due amount, plus any late fees or penalties, by a date you both agree to if you have fallen behind on your payments, consider discussing the following foreclosure prevention options with your loan servicer: Reinstatement. Repayment plan: Your servicer offers you an amount that is fixed of to…