Options are available to help you stay in your home

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Refinance
A new loan - with new terms, interest rate and monthly payments - that completely replaces your current mortgage. Even if your home value has decreased you may be able to refinance your loan as part of the governments Home Affordable Refinance Program (HARP).	Make your payment more affordable by lowering your interest rate or adjusting the terms of your loan No negative impact to credit score Stay in your home and avoid foreclosure
Repayment Plan
An agreement between you and your mortgage company that lets you pay the past due amount on your mortgage payments over a specified time period in order to bring your mortgage up to date.	Catch up on your past due payments over an extended period of time Less damaging to your credit score than a foreclosure Stay in your home and avoid foreclosure
Forbearance
An offer by your mortgage company to temporarily suspend or reduce your monthly mortgage payment for a specified period of time.	Have time to improve your financial situation and get back on your feet Less damaging to your credit score than a foreclosure Stay in your home and avoid foreclosure
Modification
An agreement between you and your mortgage company to change the original terms of your mortgage - such as payment amount, length of loan, etc. You may also be eligble for the government's Home Affordable Modification Program (HAMP) created to help struggling homeowners.	May reduce your monthly mortgage payments to a more affordable amount Less damaging to your credit score than a foreclosure Stay in your home and avoid foreclosure
Deed-For-Lease™
A new program that allows you to temporarily lease your home. You first transfer the ownership of your home to the mortgage company (called a Deed-in-Lieu of Foreslosure) in exchange for release from your mortgage loan payments. You can then rent the property back - at an affordable rate - and remain in the home as a tenant.	Stay in your home and neighborhood - no need to move or relocate May be able to recover your credit score faster than if you went through foreclosure Assistance for relocation may be available at the end of your lease Avoid foreclosure

Options are available to help you avoid foreclosure

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Short Sale
A short sale is the sale of your home for less than the balance remaining on your mortgage. If your mortgage agrees to a short sale, you can sell your home and pay off your mortgae balance with the proceeds.	Eliminate or reduce your mortgage debt Assistance for relocation may be available May be able to recover your credit score - and get another mortgage - faster than if you went through foreclosure
Deed-In-Lieu
With a Deed-In-Lieu of Foreclosure, transfer the ownership of your property to your mortgage company in exchange for a release from your mortgage loan and payments.	Eliminate or reduce your mortgage debt Assistance for relocation may be available May be able to recover your credit score - and get another mortgage - faster than if you went through foreclosure

Next Steps

REVIEW	Review your R.E.S.T. report for the options that are available for you and your situation.
CALL	Call 866-910-0395 to be directed to a service firm that can provide professional assistance with the option you choose.
GATHER	Gather your financial documentation: Bank and Mortgage Statements, Tax Returns and Income Verification for all borrowers. These items are needed for every option.

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