If you are concerned that your home might become a foreclosure risk, you are probably casting about for other options.
Foreclosure can impact your credit score, and make it difficult for you to purchase a home in the future — at least for the next two to four years.
When you are trying to avoid foreclosure, you do have some options.
However, it’s important to realize that you will have to meet certain requirements in order to qualify for some of these options. Additionally, some of your foreclosure alternatives will impact your credit score, even if it isn’t impacted as much as it would be with a foreclosure.
