How can I stop a foreclosure sale?

Stopping a foreclosure sale in Washington can be difficult, but there are a few options available. The first option is to file for a loan modification with your lender. This is when you negotiate with your lender to change the terms of your loan, such as an interest rate reduction or an extended loan term. You may also be able to negotiate other options such as a payment plan or a forbearance. Your second option is to complete a deed in lieu of foreclosure. This is when you agree to voluntarily give up your home to the lender instead of having it go through foreclosure. The lender may forgive the remaining balance of your loan in exchange for this agreement. Your third option is to take advantage of Washington’s Foreclosure Fairness Act. This puts a hold on the foreclosure process and gives you time to discuss loan modification options with your lender. If none of these options are available to you, you can also contact a foreclosure attorney or a HUD-approved housing counselor to discuss your situation. They may be able to help you find a solution to avoid a foreclosure sale.

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How can I stop a foreclosure sale?

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