The Making Homes Affordable Programs offer the Home Affordable Foreclosure Alternative (HAFA) Program that offers incentives to particpate with Deed in Lieu of Foreclosure.
The FHA program, may allow homeowners that have previously been approved for and complete the FHA Pre-Foreclosure Sales Program and not able to sell their home to apply for a Deed in Lieu.
VA mortgages offer some great benefits and programs. Veterans can be eligbel to be foregiven of the their mortgage debt along with other great incentives.
A traditional deed in lieu of foreclosure is the most common program. if approved, you be able to transfer ownership to your lender and relocate to more affordable housing.
Some lenders and servicers offer short terms lease programs for homeowners or tenants of a rental property. After approval, your lender may allow you to stay with a mortgage payment or rental payment for up to 90 days.
Some lenders and servicers offer a lease programs for homeowners or tenants of a rental property that could allow you to rent the property from the lender at fair market rent after approval.