1.) Bring the loan current. "Reinstatement"
2.) Workout a "Forbearance Plan"
3.) Sell the home to a cash home buyer
4.) Short Sale
5.) File Bankruptcy
6.) Deed in lieu of foreclosure
Making Home Affordable: http://www.makinghomeaffordable.gov/
HOPE for Homeowners (H4H): http://www.hud.gov/hopeforhomeowners/
National Association of Realtors “Field Guide to Short Sales”: http://www.realtor.org/library/library/fg335
Relocation Resources: http://portal.hud.gov/portal/page/portal/HUD/topics/avoiding_foreclosure/relocation
Rental Assistance: http://www.hud.gov/renting/index.cfm
Mortgage Forgiveness Debt Relief Act of 2007: