Foreclosure Options to Discuss With Your Lender
- Repayment plan
- Loan modification
- Forbearance
Only your lender can approve these options. Upon request, we will do a three-way call with you and your lender.
Free Help in Maryland
A HUD-approved housing counselor can review your situation at no cost. Maryland also offers foreclosure mediation for many owner-occupied homes, and the Maryland Department of Housing and Community Development provides homeowner resources through its HOPE program.
Alternatives to Foreclosure
- Sell your house before foreclosure with a market listing
- Short sale, with lender approval, if you owe more than the home is worth
- Deed in lieu of foreclosure, if your lender offers it
Our Role
We provide real estate services: a suggested price range from recent comparable sales, marketing, and facilitating the sale with your lender. Many homeowners search for how to stop foreclosure in Maryland or avoid foreclosure altogether; we cannot promise to stop or delay a foreclosure, and we do not give legal advice. A housing counselor or attorney can advise you on the foreclosure process itself.
Frequently Asked Questions
How does foreclosure work in Maryland?
Maryland foreclosures go through the circuit court in the county where the home is located, and many owner-occupied homeowners can request mediation. A housing counselor or attorney can explain the steps and timing for your situation.
Can I sell my house before foreclosure?
In many cases, yes. If you have equity, a market sale may pay off the loan. If you owe more than the home is worth, a short sale requires lender approval.
What are the alternatives to foreclosure?
Common alternatives include repayment plans, loan modification, forbearance, selling the home, a short sale and a deed in lieu. Your lender decides which are available.
Where can I get free foreclosure help in Maryland?
HUD-approved housing counselors offer free help, and the Maryland Department of Housing and Community Development offers homeowner resources.
Can I get references?
Yes. We provide a list of client and professional references on request.
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