The following are several options to help you keep your home: If you current financial situation is only temporary and you know you will be able to make your mortgage payments in the near future, you can get approved for a forbearance, which would delay or reduce your payment. If you make your regular monthly payments plus an additional amount, you can have a repayment plan available. If your loan has mortgage insurance, you may be eligible for a claim advance to bring the account current. You may also be eligible for a modification by modifying the terms of your mortgage.
There are also several options to help you sell your home: If you're unable to afford your home anymore, you may be able to receive a short sale, where the lender accepts less than the full payoff amount. You can also get a loan assumption if you have a buyer willing to assume your mortgage loan. If your property is fairly listed for 90 days without any activity, you can receive a deed-in-lieu from your lender who will accept the property by warranty deed as a settlement.
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