Although you’ll 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
Short Sale
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
1.877.447.3994
9am - 5:30pm EST Mon-Fri
If you are unable to sell your home in a short sale, there's another option.
Deed in Lieu of Foreclosure
With a deed in lieu of foreclosure, you give your property's deed to the bank instead of going through foreclosure. It's often an easier process than a foreclosure, but it will still have a negative impact on your credit.
Learn More »
Step 2. Transitioning from your house
Community Resource Directory
There are thousands of non-profit groups and government agencies across the country ready to assist you with utilities, food and more.
Resource Index
All the resources found in the Home Transition Guide are brought together for easy reference.
Managing Your Budget
Transitioning out of your house means your financial picture will change considerably. Plan for your new situation more effectively.
