Although you will be transitioning out of your house, that does not necessarily mean going through foreclosure. Other solutions are available that may help you avoid eviction from—and the sale or auction of—the house that can occur during foreclosure. We can help you explore your options, as well as provide resources to help guide you through the transition.
Step 1. Understand the ways to avoid foreclosure
In a short sale, you sell your home and settle your mortgage debt for less than the amount you owe.
- Generally takes less time to complete than a foreclosure, so your reported delinquency could be shorter
- Credit may improve faster
- You may be eligible for money to assist in relocation
Speak with a specialist
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If you are unable to sell your home in a short sale, there is another option.