Whether you're in foreclosure now or worried about it in the future, we have information that may help. No one wants to lose there home, but sometimes there are circumstances that are out of our control.

Why Do Sellers Go Into Foreclosure?

Homeowners stop making payments for a number of reasons. Few choose to go into foreclosure voluntarily. It's often an unpredictable result from one of the following:

• Laid-off, fired or quit job
• Inability to continue working due to medical conditions
• Excessive debt and mounting bill obligations
• Squabbles with co-owner, divorce
• Job transfer to another state

Here are some options that may be available to you in lieu of foreclosure

• HUD auction 
• Loss mitigation
  
• Deed in lieu of foreclosure
  
• Forbearance
  
• Short sale (real estate)