Option 1. PAY THE DELINQUENCY.

Definition: Use personal assets to pay what is past due to get your home out
of foreclosure.

Under most circumstances, loan holders are required to accept payment of
the full delinquency and reinstate the loan even after foreclosure proceedings
have begun. Keep in mind, the delinquency may include certain legal costs
since you are already in foreclosure. Many holders require certified funds for
reinstatement. Some assets to consider would be to utilize your 401K, the
“Friend asset”, (borrow from friends and family), sell some assets, borrow
against assets, use lines of credit and credit cards.… Read the rest