Facing foreclosure? You have more options than you think.

If you've received a notice from your lender, don't wait. Reach out to your lender, and consider talking to a real estate attorney or a HUD-approved housing counselor, who can explain your rights for free or at low cost.

We're also happy to look at your situation. If selling to us could help, we'll tell you. If it can't, we'll say so. Anything you share stays confidential, and talking with us is free.

Why lenders often want to work with you

Banks generally don't want to own houses. A foreclosure costs them time and money, so many lenders have programs to help owners catch up or exit gracefully.

Common ways homeowners avoid foreclosure

1. A repayment plan. Ask your lender about catching up over time with added monthly payments.
2. A loan modification or refinance. A lower rate or longer term can bring the payment within reach.
3. Bankruptcy. Filing can pause a foreclosure. It has serious long-term effects, so talk with an attorney first.
4. Selling the house. A sale before the foreclosure date can pay off the loan and protect your credit, if the price covers what you owe.
5. A short sale. If you owe more than the house is worth, your lender may agree to accept less.
6. Having an investor take over the loan. Where the lender allows it, a buyer can take over your payments.