Behind on Your Mortgage? You Have More Options Than You Think.

If you want to keep the home, call your lender and ask about a reinstatement, where you basically catch up in one payment.

If you want to keep the home, call your lender and work out a payment arrangement for you to pay extra each month for the amount you owe, in addition to your mortgage payment.

If you want to keep the home, call your lender and explain that you are just going through a financial rough spot. The lender can pause payments or reduce your monthly mortgage payment during your financial hardship for a short term.

If you want to keep the home, call your lender and work out a new mortgage agreement that would make your monthly payments more affordable.

If you want to keep the home, call your lender and ask them what refinancing options they have available.

If you want to keep the home, you can file Chapter 13 Bankruptcy, which will stop the foreclosure process and give you between 3 and 5 months to put together your current and back payments to catch up. Keep in mind that if you decide to take this option, you will have a bankruptcy on your credit report, which will hinder you from moving on to your next chapter.

If you want to sell the property for an as-is cash offer: after reviewing your property's condition and any needed repairs, we can discuss a cash offer for the property in its current condition. There are no realtor fees. We will cover all closing costs, title search fees and any additional fees, minus any liens or back taxes you may owe on the property.

If you want to sell the property, you can have a traditional on-market sale. This takes longer because it's sold on the market, and you will have to deal with realtor fees and people coming to look at the house regularly.

If you want to sell the property, in this arrangement the property’s deed transfers to us/buyer while the existing mortgage remains in your name. The loan will be brought current. Regular and on-time payments will be made on your behalf, which will help with your credit score over time.

If you no longer want anything to do with the property: with a short sale, the lender accepts less than what you owe on the mortgage.

If you no longer want anything to do with the property: with a deed in lieu, you hand the home back to the lender instead of going through foreclosure.