If you’ve received a notice of default, you likely have more time and more options than it feels like right now. Here’s a general overview — but talk to a housing counselor or attorney about your specific timeline as soon as you can.

Understand where you are in the process

Maryland requires lenders to go through several notice stages before an auction can be scheduled, which typically gives homeowners months, not days, to act.

Explore options with your lender first

Loan modification, forbearance, and repayment plans are all things your lender may offer, and reaching out proactively is almost always better than waiting.

Know that selling is also a valid option

If keeping the house isn’t realistic, selling before the auction date — including as a cash sale — can let you walk away with equity instead of losing it entirely.

HUD-approved housing counselors offer free guidance in Maryland, and we’d encourage using that resource alongside anything else you’re considering, including talking to us.