Avoiding Foreclosure as a Homeowner
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First, Take a Deep Breath
You’re not alone. Many homeowners fall behind on payments — life happens. The good news? You have options and time to act.
🧾 What Is Foreclosure?
Foreclosure is when the bank takes legal action to repossess a property after missed mortgage payments. But it’s a process, not a one-day even
📅 A Typical Timeline Looks Like This
Missed Payments- You will get letters and phone calls from the lender.
Notice of Default (varies by state) A formal warning is issued
Pre-Foreclosure Period You still own the home and can sell it
Auction / Sale Date Once set, you may only have weeks to stop the process
🔄 Your Options to Avoid Foreclosure:
Catch Up On Payments – If possible, call your lender
Loan Modification – Change your terms
Sell to Avoid Auction – We can help with this
Short Sale – If you owe more than your home is worth
Deed in Lieu – Transfer the home back to the bank
The fastest way to avoid foreclosure: Sell the home before the auction and use the proceeds to pay off the mortgage
🏡 How We Can Help
We work with homeowners every day who are behind on payments
We can make a cash offer fast — often within 24 hours
We handle the paperwork and work with the title company
You stay in control and avoid having foreclosure on your record