Foreclosing your home is one of the most challenging and stressful situations a homeowner can face. Whether you’re actively facing foreclosure or just at risk, North Carolina has free resources to help you.

A foreclosure is a terrible event that occurs due to the loss of a job, the loss of a property that leaves you behind on your mortgage payment. It is normal to fear that your home will be stolen from you if you ultimately cannot pay your mortgage payment. But don’t panic as there are ways you can save your home from foreclosure.

Regardless of what stage of the foreclosure process you are in, free advice is offered through the State Foreclosure Prevention Project, administered by the North Carolina Housing Finance Agency. Housing counselors can also work with administrators on your behalf and refer you to free legal advice if your income is low. Services are provided by participating HUD-approved housing advice centers across the state.

Here are just a few tips to follow: if you want to save your home, seek immediate help first, get your lender to notify you, don’t sit back and wait for a miracle that won’t happen. Talk to your lender; you can get help to get different options like refinancing your loan, modifying your loan, short sale, deed instead of foreclosure, meditation, filing for Bankruptcy.

These options and more are how you can save your home. However, you need to understand all of the possibilities. So speak to your lender if the options work, and Bankruptcy is also one way to save your home from foreclosure, especially chapter 13.

In addition to all of these options, seek out an experienced HUD advisor and attorney who will provide you with the best opportunity based on the challenge you are facing regarding your home. You can save your home to be proactive.