Foreclosure Help And Solutions from Home Destination

If you or someone you know are facing foreclosure, have an underwater mortgage, and look for help to stop a foreclosure, determine foreclosure eligibility, find foreclosure alternatives, or a veteran, Home Destination can help. From your first conversation, you’ll recognize Jenna's no-pressure style and why colleagues consider her areal estate expert.

Request Foreclosure Help

Home Destination

If you or someone you know is facing foreclosure and is seeking to engage an experienced CDPE, feel free to contact me immediately, and I will respond to your request on a priority basis. Taking action as soon as you can ensures that you have the most and best options available.


Foreclosure Help And Solutions from Home Destinations: Foreclosure help and solutions for homeowners on a Forbearance or Repayment Plan, mortgage modifications, reinstatement, short sales, or if purchasing for Twin Cities rental income. Foreclosure help and solutions

Buying a home is usually one of the most fulfilling experiences of a lifetime, setting the homeowner is the place of enjoying making decisions about their home's style and care like one cannot do when renting. It is a rewarding venture of building equity and a future for your family. However, the possibility exists that it could become one of the most stressful experiences if you find yourself in circumstances where you cannot meet your monthly mortgage payments. After all, a home mortgage loan is the largest contract most of us will ever sign; it merits expert help and attention.

Foreclosure Help And Solutions

Most Families Can Avoid Foreclosure

The current U.S. housing market and national financial crisis has caused untold stress and heartache for many American families. Foreclosure is one of the most devastating financial challenges that a family can face and one that many times can be avoided. Home Destination has helping dozen of families understand what they are facing and take action to avoid foreclosure. We can help; just call. The options available to homeowners for foreclosure are many. Following is a brief explanation of these solutions, including their benefits and drawbacks:

Non-Traditional Arm Mortgages Have Caught Many Minneapolis Homeowners Unprepared

If you are one of the unfortunate Minneapolis homeowners who were sold an Adjustable Rate Mortgage, or an “ARM,” over the last several years, you may experience exploding interest rates that may nearly double your monthly payment. Adjustable Rate Mortgages may begin with a low introductory “teaser” rate that entices a home borrower into buying a home that they "hope" to be able to afford when the rate on an arm adjusts. However promising the future looks for increased income, it is still a risky gamble, as many have found it was unmanageable when the “teaser” period ends and the interest rate resets to a higher rate. These “exploding ARMs” are one of the primary causes of the housing foreclosure crises in recent years.

Banks Face Greater Accountability To Help Stop Foreclosures

Too often lenders began relaxing standards to facilitate a home purchase, no longer verifying whether a given borrower could actually afford the home loan. Since most mortgages today are subsequently sold to another entity, the original lender may no longer be interested in the long-term viability of the mortgage, or whether a borrower will be able to afford to keep the home if the interest rate resets to a level that is unmanageable. As we step into 2013, our government has taken huge strides to make sure banks are retuning to a profitable state while having greater accountability to be looking out more for the homeowner's long-term well-being.

Reinstatement Instead Of Foreclosure

A reinstatement is the simplest solution for a foreclosure, however it is often the most difficult. The homeowner simply requests the total amount owed to the mortgage company to date and pays it. This solution does not require the lender's approval and will 'reinstate' a mortgage up to the day before the final foreclosure sale.

  • Benefit: Does not require the mortgage company or lender's approval.
  • Drawback: Requires that a homeowner be able to pay all back payments, fines and fees.

Forbearance or Repayment Plan

A forbearance or repayment plan involves the homeowner negotiating with the mortgage company to allow them to repay back payments over a period of time. The homeowner typically makes their current mortgage payment in addition to a portion of the back payments they owe.

  • Benefit: Allows the homeowner to make back payments over time.
  • Drawback: Requires that a homeowner be in a financial position to pay not only their current mortgage, but also a portion of the back payments owed. Some mortgage companies will require a homeowner to 'qualify' for forbearance.

Mortgage Modification

A home mortgage modification involves the reduction of one of the following: the interest rate on the loan, the principal balance of the loan, the term of the loan, or any combination of these. These typically result in a lower payment to the homeowner and a more affordable mortgage.

  • Benefit: Reduces the payment a homeowner is required to make on a monthly basis and may reduce the principal balance of the loan
  • Drawback: Requires that a homeowner 'qualify' for the new payment and will often require full documentation. Lender has to be actively pursuing modifications.

Rent the Property

A homeowner who has a mortgage payment low enough that market rent will allow it to be paid, is able to convert their property to a rental and use the rental income to pay the mortgage.

  • Benefit: Allows homeowner to keep property indefinitely.
  • Drawback: The issues that can arise with a rental property are many, and rent often does not cover the full cost of property ownership and maintenance.

Deed in Lieu of Foreclosure

Also known as a 'friendly foreclosure', a deed in lieu of foreclosure allows the homeowner to return the property to the lender rather than go through the foreclosure process. Lender approval is required for this option, and the homeowner must also vacate the property.

  • Benefit: Many times in a successful deed in lieu, the lender will forgo their right to a deficiency judgment.
  • Drawback: Requires that a homeowner vacate the property, and a deed in lieu may be reported to credit bureaus as a foreclosure.


Many have considered and marketed bankruptcy as a 'foreclosure solution,' but this is only true in some states and situations. If the homeowner has non-mortgage debts that cause a shortfall of paying their mortgage payments and a personal bankruptcy will eliminate these debts, this may be a viable solution.

  • Benefit: Does not require lender approval.
  • Drawback: If a homeowner cannot afford their mortgage payment, a bankruptcy will only stall—not stop—the foreclosure process. Bankruptcy can be costly, is damaging to credit scores, and can only be declared once every seven years.


If a homeowner has sufficient equity in their property and their credit is still in good standing, they may be able to refinance their mortgage.

  • Benefit: In some cases, this will lower payments.
  • Drawback: In today's market, a refinance will almost always raise mortgage payments, and is an expensive process.

Servicemembers Civil Relief Act (military personnel only)

If a member of the military, veteran, is experiencing financial distress due to deployment, and that person can show that their debt was entered into prior to deployment, they may qualify for relief under the Servicemembers Civil Relief Act. The American Bar Association has a network of attorneys that will work with servicemembers in relation to qualifying for this relief.

  • Benefit: If qualified, this will lower payments on all consumer debt in addition to mortgage payments.
  • Drawback: Must be active military to qualify.

Sell the Property

Homeowners with sufficient equity can list their property with a qualified agent that understands the foreclosure process in their area.

  • Benefit: Allows homeowner to avoid foreclosure and harvest some of their equity.
  • Drawback: In many cases today, homeowners do not have sufficient equity to sell their property without negotiating a short sale (see next solution).

Short Sale

f a homeowner owes more on their property than it is currently worth, then they can hire a qualified real estate agent to market and sell their property through the negotiation of a short sale with their lender. This typically requires the property to be on the market and the homeowner must have a financial hardship to qualify. Hardship can be simply defined as a material change in the financial stability of the homeowner between the date of the home purchase and the date of the short sale negotiation. Acceptable hardships include but are not limited to: mortgage payment increase, job loss, divorce, excessive debt, forced or unplanned relocation, and more.

Benefit: A short sale allows the homeowner to avoid foreclosure and salvage some of their credit rating. This also keeps foreclosure off the individual's public record, and in many cases will allow the homeowner to avoid a deficiency judgment. Borrower may qualify for another mortgage in as little as 24 months (as opposed to five years for a foreclosure).

Drawback: Short sales can be a trying process in which a homeowner is best served by contracting with a qualified real estate agent to guide the way.

This represents only a summary of some of the solutions available to homeowners facing foreclosure. Contact Jenna Thuening today for a free confidential evaluation of your individual situation and best options. foreclosure help

Foreclosure: Protect Yourself Against Mortgage Relief Scams

​ Read more details on foreclosure help and solutions at Protect yourself against mortgage relief scams. Learn how homeowners who think they may be victims of bank fraud can request an Independent Foreclosure Review, or if you qualify for the Home Affordable Foreclosure Alternatives Program. Engage the skills of CDPE, Jenna Thuening, if you are considering buying distressed properties.

Jenna Thuening, a Certified Distressed Property Expert for foreclosure help and solutions Certified Distressed Property Expert offering foreclosure help and solutions.

11200 W. 78th St
Eden Prairie MN 55344
Phone: 612-396-7832
Jenna's home page:

If I'm out in the field, you may quickly reach me by email: and note how I can help you, or leave a message on my voicemail and I will get back to you as quickly as possible.

Equal housing opportunity for homeowners in foreclosure help from a certified residential specialist

For skilled help with a home foreclosures use a CDPE and Certified Residential Specialist

The information provided in this webpage is based on government documents, which are subject to change. Therefore, the Distressed Property Institute, LLC, and the agent featured on this page, cannot be held responsible for the accuracy of the information provided here. This survey can help you determine the likelihood of your eligibility, but only the servicer of your loan can tell you if you qualify. The above brokerage assumes no responsibility nor guarantees the accuracy of this information and is not engaged in the practice of law nor gives legal advice. It is strongly recommended that you seek appropriate professional counsel regarding your rights as a homeowner. The above brokerage is not associated with the government, and our service is not approved by the government or your lender. Even if you accept this offer and use our service, your lender may not agree to change your loan.

Home Destination is built on the promise of exceptional customer service. Whatever your particular real estate need, I'll work hard to make sure that you are completely satisfied. I have the knowledge, experience, and dedication that it takes to get results." ~ Jenna Thuening