Behind on mortgage payments? Facing foreclosure? DON'T PANIC. You have OPTIONS. This guide covers EVERY way to stop foreclosure—from selling fast to loan modification to legal options!
TIME IS CRITICAL! The sooner you act, the more options you have. Read this guide NOW!
Fast Sale Option
Your Credit
With Cash
Options Available
Important Disclaimer: This article provides general educational information only and is NOT legal or financial advice. Foreclosure laws vary significantly by state. Please consult with a licensed attorney, HUD-approved housing counselor, or financial advisor immediately for advice specific to your situation. Time is critical—act NOW!
If you're reading this, you may be facing one of the most stressful situations a homeowner can experience: foreclosure. Take a deep breath. You have more options than you think.
This comprehensive guide walks you through EVERY option available to stop foreclosure—from selling your home quickly to working with your lender to legal protections. The key is acting FAST. The sooner you take action, the more options remain available.
Foreclosure is the legal process where a lender takes possession of a property when the borrower fails to make mortgage payments. Understanding this process helps you know when and how to act.
You miss one or more mortgage payments. Lender sends late notices. This is the BEST time to act!
After 30-90 days of missed payments, lender files a Notice of Default (NOD). This is a formal warning. You still have time—act now!
You're officially in pre-foreclosure. Sale date may be scheduled. Options are narrowing—act IMMEDIATELY!
Property is sold at auction. After this, you lose the home and any equity. Selling to cash buyers can stop this even days before!
Selling to a cash buyer is often the BEST option for homeowners facing foreclosure because:
Cash buyers can close in as little as 7 days. Even if your foreclosure auction is scheduled for next week, a cash buyer may be able to purchase before that date. The key is calling TODAY!
Facing Foreclosure? Time is Running Out!
Get a cash offer fast. We can close before your sale date!
GET EMERGENCY CASH OFFER!Or Call NOW: (800) 555-0100
Lenders often prefer to work with borrowers rather than foreclose. Here are options to discuss with your lender:
Temporarily pause or reduce payments while you recover financially.
Best For: Temporary hardship (job loss, medical issue)
Permanently change loan terms—lower rate, extended term, reduced principal.
Best For: Long-term payment struggles
Catch up on missed payments over time while making current payments.
Best For: Back on your feet, can afford extra payments
Replace current loan with new loan at better terms.
Best For: Good credit, equity in home
Warning: Lender options take TIME—often 30-90+ days to process. If your foreclosure sale is soon, you may not have time. Consider selling to a cash buyer while pursuing lender options as backup.
A short sale is when you sell your home for LESS than you owe on the mortgage, and the lender agrees to accept the lower amount.
Pro Tip: If you have equity (home worth more than you owe), you DON'T need a short sale! Sell to a cash buyer, pay off your mortgage, and keep the remaining cash!
Your credit score matters for your future—buying a car, renting an apartment, even getting a job. Here's how each option impacts your credit:
| Option | Credit Impact | Years on Record | Buy Again In |
|---|---|---|---|
| Sell to Cash Buyer | MINIMAL | 0 (normal sale) | Immediately |
| Loan Modification | LOW-MODERATE | Varies | Keep your home! |
| Short Sale | MODERATE | 7 years | 2-4 years |
| Deed in Lieu | MODERATE-HIGH | 7 years | 2-4 years |
| Foreclosure | SEVERE | 7 years | 5-7 years |
| Bankruptcy | MOST SEVERE | 7-10 years | 2-4 years |
Selling your home to a cash buyer before foreclosure completes is BY FAR the best option for your credit. A regular sale—even in distressed circumstances—doesn't carry the same negative weight as foreclosure. Plus, you may walk away with cash in your pocket!
With a deed in lieu, you voluntarily transfer ownership of the property to the lender instead of going through foreclosure.
Important: Before agreeing to deed in lieu, TRY to sell to a cash buyer first! You may have more equity than you think, and selling keeps more options open.
Warning: Bankruptcy should be considered a LAST RESORT. It has severe, long-lasting consequences for your credit and financial life. Always explore other options first and consult with a bankruptcy attorney.
Bankruptcy can temporarily halt foreclosure through an "automatic stay," giving you time to catch up or explore other options:
Liquidation bankruptcy. Delays foreclosure temporarily but doesn't typically save your home.
Timeline: 3-6 months
Reorganization bankruptcy. May allow you to catch up on missed payments over 3-5 years and keep your home.
Timeline: 3-5 years
Every day you wait, you lose options. The foreclosure clock is ticking. Here's what to do RIGHT NOW:
Fill out our form and get a no-obligation offer. Know your options immediately!
Free foreclosure counseling: 1-800-569-4287 (HUD hotline)
Ask about forbearance, modification, or repayment plans. Document everything!
Know your legal rights. Many offer free consultations for foreclosure cases.
Facing foreclosure? We can close BEFORE your sale date. Get your offer now!
GET OFFER NOW!Questions? Worried? CALL US. Real humans who understand foreclosure answer immediately!
CALL (800) 555-0100