1. Contact your lender Immediately! If you have you received a “notice of default,” you need to move FAST! The first and best thing is to contact your lender immediately! Don’t wait! More likely than not, your lender will work with you. Contrary to popular belief, banks DO NOT want to take your home, they just want to get paid. It’s a drain on them, so they will work with you!
2. Loan Modification. Ask your lender if they will modify your loan. While this is common, you’ll typically have to show a financial hardship. But we have seen lenders extend the loan terms, reduce interest rates, and other ways to get the payment reduced to make it possible for you to keep your home. Other ways a lender might work with you is through Forbearance, Payment Deferral, or set up a repayment plan for any past due amounts.
3. Talk to an attorney. A good bankruptcy attorney can help legally postpone the process. It may not stop it, but it can give you additional time to get other things sorted out.
4. Sell your house – this is where we can help. While you are likely emotionally attached to your home, and we get it, you can always start a new chapter with a new house. If we move quickly, you can avoid the foreclosure altogether and can work to rebuild your credit quicker. When you sell, your loan gets paid off and can show as “paid in full.” Sure, there will be some dings to your credit to clean up, but this is a lot better than a foreclosure when you’re ready to buy a new home, and you won’t have to wait up to 7 years!
   • We buy “as-is,” so there are no repairs required!
   • We pay cash. No financing contingencies. No realtor commissions. Saving you thousands.
   • Fast Close. We can fit your time frame and typically close before any scheduled auction.
5. Click the button below to have a conversation.

**The information provided on this platform is for general informational purposes only and does not constitute legal advice. It is not intended to create, and receipt of it does not constitute, an attorney-client relationship. You should not act upon any information provided without seeking professional legal counsel tailored to your specific situation. We recommend consulting with a qualified attorney for advice on any particular housing matter.