Home / For homeowners
Behind on payments? You have more options than the bank's letters suggest.
If you're facing foreclosure, a short sale can let you sell your home, settle with the lender, and move forward on your own terms. We explain your options for free and connect you with an agent who handles short sales.
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Options homeowners often consider
- Loan modification. Changing the terms of your loan so you can keep the home.
- Repayment plan or forbearance. Temporary relief while you catch up.
- Short sale. Selling for less than you owe with the lender's approval.
- Deed in lieu. Signing the home back to the lender instead of a foreclosure sale.
- Selling outright. If you have equity, a regular sale may pay off the loan.
The right choice depends on your income, equity, and timeline. A HUD-approved housing counselor can review all of them with you at no cost.
Where we come in
If a short sale makes sense, we help with the part most homeowners find overwhelming: the hardship letter, the financial documents, and keeping the lender moving before the sale date.
Protect yourself. Be careful of anyone who asks for an upfront fee, tells you to stop talking to your lender, or asks you to sign over your deed. We will never do any of those things.
Homeowner questions
What is a short sale?
A short sale is when your lender agrees to let you sell your home for less than you owe on the mortgage. The lender accepts the sale proceeds, and the home is sold on the open market instead of at a foreclosure auction.
Is a short sale better than foreclosure?
For many homeowners it is less damaging. A short sale typically has a smaller long-term effect on your credit than a completed foreclosure and can shorten how long you wait to qualify for a new mortgage. Whether it's right for you depends on your situation, including any deficiency balance, so talk it through with a housing counselor or attorney.
I already got a notice of sale. Is it too late?
Not necessarily. Many homeowners still have options after a sale date is set, but time is the most important factor. Call us as soon as possible.
Do you charge homeowners?
No. We never charge homeowners, and you should be cautious of anyone who asks for money up front to stop a foreclosure.