Most
private lenders view foreclosure as the last resort when it comes to
recovering their investment. If you find yourself in a situation where,
due to a change in your personal circumstances, you can no longer cover
your mortgage payments, you may qualify for a program with your current
lender.
If
your loan is serviced by Redwood Trust Deed Services, Inc. and you are
experiencing disruptions in your income or otherwise find yourself unable
to keep your mortgage current, please contact us at 1-800-378-4388 to
discuss the options that may be agreeable to you and your lender. If
you are represented by an Agent or a Representative please contact us
to obtain an Agent Authorization Form.
FORECLOSURE
ALTERNATIVES |
INFORMATION
WE MAY NEED |
|
REDUCTION
OF INTEREST RATE |
|
HARDSHIP
LETTER |
|
DEFERRAL
OF INTEREST & LATE FEES |
|
PAY
STUBS |
|
ONE-TIME
WAIVER OF INTEREST |
|
BANK
STATEMENTS |
|
SHORT
SALE |
|
TAX
RETURNS |
|
DEED
IN LIEU OF FORECLOSURE |
|
SENIOR
OBLIGATION STATEMENTS |
| |
SURRENDER
OF PROPERTY |
|
OTHER
DOCUMENTS, AS NEEDED |