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
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If you are unable to sell your home in a short sale, there is another option.
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.
All the resources found in the Home Transition Guide are brought together for easy reference.