Whether you buy, rent, or move in with someone close to you, you’re embarking on an emotional and financial recovery process that will require time. Time to get used to a new living situation. Time to revitalize your credit. Possibly, time to prepare yourself to make another attempt at homeownership. But where do you start? If foreclosure of the necessity of selling your home has left your finances in such a damaged state that you cannot afford renting or buying a new home, then the U.S. Department of Housing and Urban Development’s (HUD) Office of Housing Counseling is a resource tailored to fit your needs. HUD’s website can provide you with a list of government-approved counselors in your area. These counselors are skilled at helping you to evaluate your housing options. The USA.gov website offers an online resource titled AResource Guide for Foreclosure Recovery. This resource provides helpful information on making the transition from becoming a homeowner. It explores ways to build up your credit again and explains foreclosure-related issues that could affect your taxes. If you’re searching for a home to rent while rebuilding your finances, you’ll want to be wary of rental scams, and this resource explains what to look out for. Also available at USA.gov is The Starting Over After Foreclosure Toolkit, which you can download for free. This kit includes information and worksheets to guide you through the process of finding a rental home, preparing to buy again, and even to manage your stress level. There are even tips on how to explain important monetary concepts to children. If you have children, you understand that caring for their shelter, security, and stability will be your top priority. If you’re moving away to an unfamiliar neighborhood, be aware of the local timeline for school enrollment. If you are struggling financially,
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