1. Advice
  2. Foreclosure Center
  3. Owner's Guide

Owner's Guide

Owner's Guide
Early Action May Prevent Foreclosure
Even the word “foreclosure” may be enough to tie your stomach in knots. The truth is, it's a difficult and often painful process – but ignoring the signs will not make it go away. So, if you're facing foreclosure, what should you do?
Short Sale vs. Deed in Lieu of Foreclosure
If you are having difficulty affording your home during hard economic times, you may be able to avoid foreclosure through either a short sale or a deed in lieu of foreclosure.
Effects of Foreclosure on Your Credit Rating
There is no question that your credit rating takes a hit if you foreclose on your home. Late mortgage payments, short sales and deeds in lieu also make a negative impact. Learn how your credit rating is affected and how you can repair the damage.
Don't Fall Prey to Fraudsters

The thought of losing your home to foreclosure can be devastating, and it’s natural to look for ways out. Unfortunately, scam artists are quick to prey on desperate homeowners, so it’s important to be wary of offers that appear too good to be true.

Tips for Tenants in Foreclosed Properties
To think that foreclosure can only affect homeowners is a misconception. Renters can be and are affected by foreclosures, too.
Jump to the top