How to prevent foreclosure - File a partial-claim on VA/FHA loans

One of the ways you can prevent foreclosure is by filing a partial claim on VA/FHA Loans. If your loan is a VA or FHA insured loan, your lender may be able to provide a one-time payment to bring your loan back to current status. 

However, there are several qualifications you will have to meet.

The VA or FHA associations will tell you if you qualify and help provide assistance with your current situation. They may also have additional solutions to help save your home, or provide funding.

With a Partial Claim, your lender will receive the amount necessary to bring your mortgage back to current status, however a lien will be placed on your property until that amount is paid back in full.  This loan is usually interest free, and can be paid when the property is eventually sold.