If you’re behind on your mortgage, you likely have more options than you think, and you have time to weigh them. Depending on your equity, those can include a loan modification with your lender, a traditional sale that pays off the loan, a short sale, or a cash sale.
Start here
- Call your loan servicer and ask about modification, forbearance, or repayment plans.
- Talk to a free HUD-approved housing counselor. The Maryland Department of Housing and Community Development also offers foreclosure prevention help.
- Get a side-by-side of what a sale would net you, so you know your equity.
Our approach
Maryland law gives homeowners in default or foreclosure special protections, including rules for anyone offering to buy their home. We follow an attorney-reviewed process, put everything in writing, and in most cases recommend listing to protect your equity. You will never be pressured to sign.