106df5f8_ons_to_stay_out_of_foreclosure__3
[0] Deed-in-lieu of Foreclosure [1] Borrower offers property to lender who sells it off to retrieve the unpaid balance. Learn moreâ¦ [2] One who's unable to continue making payments. Occupies property as their primary residence. Non-occupant owner can qualify, but he has to prove that the need to vacate is related to the cause of default. [4] Property should be free of any liens. Property shouldn't have been used as rental property for more than 1 year. [3] 
The loan is in default (that is, the borrower is more than 30 days late on their payments and the cause of the default cannot be eliminated).
Loss Mitigation options to stay out of foreclosure
3