Navigating America's Housing Crisis

Guide to Foreclosure Help

Times are tenuous right now. With more than 300,000 homes in foreclosure according to RealtyTrac, many Americans are unsure about what to do next and need foreclosure help and advice on the economy.

Learn more Presidential Elect Obama's economic plan:
Obama Economic Plan

AOL Real Estate is here to help and provide resources to help you navigate your way through the foreclosure process, understand foreclosure laws, and find government resources to help stop foreclosure. Help is here. Let us guide you in these tough times.

Visit our foreclosure center for more information and resources.

Every little bit helps. Check out the Walletpop Economizer to cut costs and save more.

Visit our Mortgage Refinance Center

What States Are Doing to Help

Understanding Housing and the Economy

How did this "crisis" start? Read the background of the bubble to get a grip on what's happened and how we got here.
+ Understanding the Housing Bubble
+ Can't Grasp the Credit Crisis? Join the Club
+ HUD's Glossary of Terms

Foreclosure Help: Government Resources

+ Help for Homeowners Facing Home Loss
+ Local HUD Information By State
+ FHA National Servicing Center

Financial Help

+ Gov't Grants, Benefits and Financial Aid
+ Debt and Credit Advice for Consumers
+ Employment Resources
+ Bank of America Announces Homeownership Rentention Plan

Short Sale an Answer to Foreclosure?

Short sale may be an option to avoid foreclosure. In a short sale, the seller arranges with their mortgage lender to accept a dollar amount less than the amount they owe on the home.

As part of this arrangement, the lender agrees to forgive the rest of the loan. As a result, the seller avoids foreclosure, the buyer picks up a property at a discount, and the lender avoids taking on the burden of unloading the property.

Visit our short sale center to understand more and find out if it's an option for you.