When you look at the extreme, a debtor can avoid foreclosure by attempting to sell their residence, so long as they will have good equity. Less extreme choices for a borrower include cash-out refinancing or a house equity credit line, both of which may in place permit the household to borrow on their equity within their home to temporarily protect payments that are monthly. Generally speaking, the вЂњdouble triggerвЂќ theory of foreclosure shows that borrowers generally speaking must experience both money surprise and home cost shock to standard. 26 But could a debtor effortlessly offer or refinance their property in the middle of a health crisis that is public? For the unemployed debtor to refinance their property, a home loan originator would need to focus on them over other still-employed borrowers seeking to refinance amid record low interest. To market a residence, a homeowner will have to conduct an available home, indication and notarize papers, an such like, much more challenging now with social distancing as well as other limitations in position.