Forbearance
A temporary pause or reduction in payments. The missed payments are still owed; ask how they will be repaid.
Learn more →Clarity before commitment
Your situation.
Your goals. Your options.
Keeping your home and planning a sale call for different conversations. Understanding the possibilities can help you ask better questions.
Keep the home or plan a transition.
You can reach out to me before you know which path fits. We’ll talk through your goals and questions together. If you want to stay, your servicer and a HUD-approved housing counselor can help evaluate mortgage assistance. If selling may be right for you, I can help evaluate a traditional sale or short sale. An attorney can advise you on legal rights and obligations.
Repayment plan
A plan to catch up on missed amounts over time. Ask what the total monthly payment would be and whether it fits your budget.
Learn more →Loan modification
A change to loan terms that may make payments more manageable. Eligibility and terms are determined through your servicer.
Learn more →Traditional sale
If sale proceeds cover mortgage payoffs and selling costs, selling may allow a planned move. Start with a value and cost review.
Learn more →Short sale
If the sale proceeds will not cover what is owed, a lender-approved short sale may be a possibility. Approval is required.
Learn more →Deed in lieu of foreclosure
A voluntary transfer of ownership to the lender, if it agrees. Discuss eligibility, remaining debt, and written terms with your servicer and an attorney. This is handled through your lender and other professionals, not by a listing agent.
Learn more →These are general possibilities, not a determination of eligibility. Confirm terms, deadlines, costs, credit effects, and any remaining debt with the appropriate professionals.
Source: CFPB mortgage assistance options ↗You don’t have to figure it out alone.
Let’s talk about where you are and what your next step could look like.