Navigating the challenges of real estate — especially during tough times — can feel overwhelming. We offer clear, compassionate guidance tailored to your unique situation. Our goal is to help you understand your options, make confident decisions, and move forward with peace of mind — all at no cost to you.
Foreclosure brings a whirlwind of emotions. Fear, Frustration, Anger and a sense of Hopelessness. I’ve been there, and I know how stressful it feels. My mission is to go through the options, and help you make informed choices that work for you. I bring all my experience to give you exceptional value and total clarity. If you are ready to figure things out, make some decisions and move forward, call us for a free 10 minute foreclosure help call.
Your situation matters. Your options do too.
Normally, if a homeowner misses mortgage payments for about three months, the bank records a Notice of Default (NOD) with the county. This starts a 90-day period for the homeowner to catch up on payments or make other arrangements. If the default isn’t resolved, the bank files a Notice of Sale (NOS) with the county. After that, the property is typically sold at a public auction within 20–30 days. Once the sale is complete, the new owner may begin the process of eviction as soon as 3-5 days.
1️⃣Reinstate the Loan (Cure the Default)
The homeowner pays all missed payments, late fees, and penalties to bring the loan current.
2️⃣Repayment Plan or Loan Modification
restructure restructurethe loan — lower interest rate, longer term, or added payments to the back.
3️⃣Forbearance Agreement
The lender temporarily suspends or reduces payments for a few months to help you get back on your feet.
4️⃣Refinance
Replace the current mortgage with a new loan — ideally one with lower payments or that pays off the arrears.
5️⃣Sell the Property (Traditional Sale)
List and sell the property before the foreclosure auction.
6️⃣Short Sale
If you owe more than the home is worth, the lender may agree to let you sell for less and forgive the remaining balance.
7️⃣Deed in Lieu of Foreclosure
You voluntarily transfer ownership back to the lender to satisfy the debt.
8️⃣Bankruptcy (Chapter 13 or 7)
Filing for bankruptcy triggers an automatic stay, stopping foreclosure immediately, but has long term consequences.
9️⃣Loan Assumption, Subject-To, or Wrap Sale
An investor or buyer takes over your loan payments “subject to” the existing mortgage or through a wraparound agreement.
🔟 Do Nothing (Let it Foreclose)
The lender proceeds with the trustee’s sale.
Call or Email us today to go over your options in detail.