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Resources on Foreclosure, Credit & Debt, and Bankruptcy

How to File for Chapter 7 Bankruptcy

Chapter 13 Bankruptcy

The New Bankruptcy: Will It Work for You?

Selling Your House in a Tough Market

Foreclosure: Articles and FAQs

Guide to Avoiding Foreclosure (HUD)

Avoiding Foreclosure: State Resources (HUD)

Foreclosure Survival Guide

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Foreclosure Survival Guide (1st Edition)

Your Options: An Overview

Here’s a look at your main alternatives when you think foreclosure is on the horizon. I’ll talk about these scenarios in detail later. For now, just try to get an idea of what you’re dealing with.

What Can You Do If You Fear Foreclosure?

  • Negotiate a workout with the lender with the help of a free housing counselor.
  • Reinstate the existing loan by making up the missed payments, plus costs and interest.
  • Refinance the entire loan.
  • Arrange a short sale or deed in lieu of foreclosure.
  • Arrange a reverse mortgage if you have enough equity and are 62 or over.
  • Delay the foreclosure sale by filing for Chapter 7 or Chapter 13 bankruptcy.
  • Fight the foreclosure in court and either stop or delay it.