Options to Leave Your Home Overview
Avoid Foreclosure
Homeowners who are struggling with their mortgage payments are facing tough choices—do you stay in a home you may no longer be able to afford or should you try to leave? While it may be difficult to think about leaving your home and making this decision, it may be the best option if other solutions to keep you in your home are no longer viable. Don’t just walk away from your home though.
There are better options. The most important thing is to avoid foreclosure—and options may be available to assist you if you are ready to leave your home. Some options may even offer cash incentives to help you move and transition into different housing. Now’s the time to take action before it’s too late,
- Short Sale If you are facing foreclosure and can no longer afford your home, you may qualify for a Short Sale—even if you don't think you can (or haven't been able to) sell your home.
- Deed-In-Lieu A deed-in-lieu is where, the homeowner, voluntarily transfer the ownership of your property to the owner of your mortgage in exchange for a release from your mortgage loan and payments.
- Foreclosure A foreclosure is the legal process where your mortgage company obtains ownership of your home (i.e., repossess the property).
Contact us at (973)-378-3030 and a dedicated agent will explain your mortgage assistance options and help you submit the necessary request form.