Keep the Home or Sell It?

Many homeowners in foreclosure face the same question:

  • Should I try to keep the home?

  • or should I sell it?

  • There is no right answer for everyone.

When Homeowners Try to Keep the Home

Some homeowners try to keep the home by:

  • Catching up on missed payments

  • Changing the loan terms

  • Asking the lender for other options

  • This may work in some situations.

  • It often depends on time, income, and lender rules.

When Homeowners Consider Selling

Some homeowners consider selling the home to:

  • Pay off the loan

  • Avoid the auction

  • Move on with a clean break

  • Protect their credit as much as possible

  • They may receive cash after the sale

Why This Decision Feels Hard

This choice is hard because:

  • Emotions are involved

  • Timelines are tight

  • Advice online is confusing

  • What worked for someone else may not work for you.

A Simple Way to Get Started

When foreclosure feels overwhelming, start with the two things that shape everything else.

  • Your state

  • Your auction date, if one is set

How soon is your auction date?

ForeclosureRoadmap.com is operated by QuickDraw Home Solutions, LLC and is provided for educational and informational purposes only. We are not a law firm, attorney, lender, mortgage broker, real estate broker, or financial advisor, and we do not provide legal, financial, or tax advice. Information on this site is general in nature, may not apply to your situation, and should not be relied upon as professional advice. Options vary by state and individual circumstances. Results are not guaranteed.

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