How Can I Help You?
Solutions and Support for Homeowners Facing Mortgage Challenges
If you’re late on your mortgage, it’s normal to feel concerned about your financial situation and the impact on your credit. As a real estate professional specializing in this area, I offer customized options to help you avoid potential long-term consequences. This guide provides an overview of the solutions and support available to you.
What Can We Do to Help?
Short Sale Solutions
- What We Offer: Full support in listing your home as a short sale when you owe more than it’s worth. We work directly with your bank to get an approved sale price.
- Why It Helps: A short sale helps you avoid foreclosure, reduce damage to your credit, and possibly walk away without owing the remaining balance.
As-Is Home Sales
- What I Offer: I can connect you with buyers who understand the value of your property in its current condition and are ready to make offers.
- Why It Helps: Selling as-is can save you time, minimize out-of-pocket expenses, and allow you to move forward without taking on additional debt.
Quick Cash Offers
- What We Offer: We purchase your property with all cash and close fast—often within days.
- Why It Helps: A quick sale can resolve overdue mortgage issues and provide fast funds, offering a stress-free alternative to foreclosure.
Repair Assistance
- What I Offer: If you’re interested in making some updates to improve your home’s appeal, I can work with you to identify priority repairs.
- Why It Helps: By focusing on cost-effective improvements, we can target areas that will give you the most return on investment without putting a strain on your finances.
Financial Counseling
- What I Offer: Referrals to reputable financial and legal professionals who specialize in assisting homeowners in financial distress.
- Why It Helps: Working with experts can provide you with tailored advice to protect your financial interests and understand the full scope of your options.
Traditional Market Listing
- What We Offer: If your property is in good or market-ready condition, we’ll list it with one of our trusted realty partners to help you get top dollar.
- Why It Helps: Our agents manage pricing, showings, and negotiations so you get maximum value without the stress.
Concierge Service
- What We Offer: A hands-off, white-glove experience. We manage everything from start to finish and market your property to our network of thousands of buyers, investors, and hedge funds. You pay no commissions or closing costs—our buyers cover those.
- Why It Helps: Our in-house title company handles bank payoffs and negotiates on your behalf. You get to move forward while we take care of the heavy lifting.
Subject-To Mortgage Relief
- What We Offer: We take over your mortgage subject to your current loan. We catch up missed payments, make light repairs, and list the property with our realty partners.
- Why It Helps: Avoid foreclosure, protect your credit, and eliminate the burden. We handle the details, so you can breathe easy and move on.
Frequently Asked Questions
Q: What happens if I ignore the situation?
Ignoring missed mortgage payments won’t make the problem go away—it usually makes things worse. Most lenders will start the foreclosure process after 90 days of non-payment, which can result in legal action, damage to your credit, and ultimately the loss of your home. The earlier you take action, the more options you’ll have to avoid those consequences. Whether you want to stay in your home or sell, acting now gives you control.
Q: Can I sell if I owe more than the home is worth?
Yes, you may still be able to sell through a process called a short sale. In this situation, the lender agrees to accept less than what’s owed on the mortgage. It requires approval, but we can help you navigate the paperwork and negotiations. A short sale can be a better alternative to foreclosure and often leaves you in a stronger financial position.
Q: Will I owe money after the sale?
It depends on your specific situation. In a traditional sale, the proceeds are used to pay off your mortgage and any remaining equity is yours. In a short sale, the lender may forgive the remaining balance—but that’s not always guaranteed. We work closely with lenders to try to minimize or eliminate any remaining debt after the sale, and we’ll walk you through what to expect based on your mortgage type and state laws.
Q: What happens to my credit?
Falling behind on mortgage payments will affect your credit, but there are ways to minimize the damage. Selling your home before foreclosure, especially through a traditional or short sale, is often far less damaging than letting the foreclosure process play out. We can help you take the route that gives you the best chance at financial recovery and future homeownership.
Q: How long do I have before foreclosure starts?
Most lenders start the foreclosure process after 3 to 6 months of missed payments—but the timeline can vary depending on your state and loan type. Some states require a court process (judicial foreclosure), while others move faster without one (non-judicial foreclosure). Either way, time is critical. The sooner we speak, the more solutions we can explore together.