​You can take control of when homeownership is no longer affordable or the weight of homeownership has become too much to bear,  has a program that allows you to exit gracefully from the property.  Many lenders pay $3,000+ in relocation assistance. Through Home Affordable Foreclosure Alternatives ^SM (HAFA ^SM), you won’t owe any more for the property after leaving, and you will be free from the threat of foreclosure. Learn more about this  program or other bank programs.

A Short Sale is a situation in which the seller owes more money on the loan than the sale of the property will likely produce on the market and is unable or unwilling to bring money to closing or they can no longer make their mortgage payment.

Each lender has their own Short Sale program and it is important to hire a informed Realtor to guide you through the process and avoid foreclosure..

A Deed in Lieu of forclosure is a voluntary action and the bank cannot initiate this until you have attempted a short sale.  No all banks allow Deed in Lieu and can send you straight to foreclosure.

If you have received a Notice of Default from your lender then you have formally began the foreclosure process.  Your bank will consider a loan modification if your financial profile will allow it.