Mortgage Help with its work team would work in order to keep you in your home but not every situation can be resolved through the foreclosure prevention programs. In such a situation where you fail to keep your home, or if you would not want to keep it, you can consider:

Short Sale: A short sale is a sale of the real estate in which the sale proceeds fall short of the balance owed to the Mortgage Lender towards the property. This type of situation usually arises when the homeowner is not able to make the payments and the lender would consider selling the property at a moderate loss is rather better compared to pushing the homeowner to make the payments. In a short sale the mortgage lenders usually agree to discount the outstanding loan balance considering the economic or hardship of the debtor. The negotiations are all done by the negotiators who communicate with the loss mitigation or workout department. Proper documents have to be provided to the lenders to convince them to reduce the loan balance and to allow for the sale of the property. Once the bank sends the approval for the discount of the mortgage, the property can be sold for a price lower than the actual amount owed to the lender.