Financial difficulties along with depressed housing values can cause challenging times. Gateway Bank, FSB, understands your situation and would like to work with you.

With a Deed in Lieu of foreclosure (DIL), a homeowner voluntarily deeds collateral property to the lender in exchange for a release from all obligations under the mortgage. A DIL of foreclosure may not be accepted from mortgagors who can financially make their mortgage payments.

Before choosing this option, consider the following:

• The property must be free of any other liens in order for you to accept a deed-in-lieu solution
• Your credit report will indicate that your debt was "Settled for Less than the Full Balance Owed"
• This option may adversely affect your ability to obtain credit in the future

Call 1-888-851-5544 or 510-667-0475 to see if you qualify.