Glossary

Key terms

While working with your mortgage company, it’s important to understand the mortgage terms that may be used so you can have a better (and easier) discussion with your mortgage company.

Short Sale (also called Pre-foreclosure)

The process in which a mortgage company works with a delinquent homeowner to sell the house by a real estate agent prior to the foreclosure sale. The sale price is less than what is owed on the mortgage.

Learn more about Short Sale

  • Beware of Scams

    Learn how to identify and avoid scam artists who promise immediate relief from foreclosure.

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  • FAQs

    Find the answers to common questions concerning your mortgage and the various options to avoid foreclosure.

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  • Glossary

    Visit our glossary of key terms to increase your understanding of the foreclosure options available.

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