Are you upside-down in mortgage?

I’m Behind on my Mortgage Payments, What Do I Do?

Provide us with some information so that we can be better prepared to help you.

The worst thing to lose a home is going through foreclosure.

If you fall behind in your mortgage payments, a foreclosure is the process where lender enforce the sale of your property to repay the debts you owe from them.  This process of foreclosure moves terribly quickly in Texas especially with the current global situation we have now and may happen in as very little as six months following your very first missed of payment.

Let's face it, if you continue ignoring foreclosure, it will hit your credit real hard and it will be the beginning of your nightmare which involves the following:

  • Eviction from your home
    • You’ll get evicted from your home and losing the equity that you may have. 
  • Stress and uncertainty
    • You do not know where you live if the house is foreclosed.
  • Damage to your credit score
    • This greatly impacts your ability to get new housing and credit.
  • Deficiency balance
    • You may still owe even after the foreclosure sale.
  • Loan qualification challenges
    • Forfeit ability to get a mortgage to purchase another home for at least 7 years.
  • Job and career limitations
    • This may have limitations in getting employed for many years.

Average Foreclosure Timeline

As early as 6 month following your first missed payment, foreclosure happens

Pre Foreclosure

Foreclosure

Post

First Missed Payment

Add Your Heading Text Here

Recieve Breec Letter or Notice of Default

Receive Notice of sale

Foreclosure Sale/Auction

Owner Eviction

10 Years of Consequents

Month 1

Month 2

Month 3

Month 4

Month 5

Month 6

Month 7

Month 8

Note: This is a representative example. The foreclosure timeline can vary on a case-by-case basis.

Understanding your options

We do best by finding solutions for homeowners to avoid foreclosure. We will help you find your best options based on your situation and needs.

Get in touch with us today and together, we’ll find the best approach.

WHY CHOOSE US

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You Can Trust Us

You can be sure that we will abide by our promises and stick to every offer we provide. We follow the contract price and schedule we promised.

We Are Problem Solver

Your real estate problem is not too big for us. From no negative equity or negative equity to immediate situations, there are no real estate transactions that we cannot help you solve.

We Make It Easy For You

You don't have to worry about maintenance and repairs. We take all of this into consideration and provide you with flexible closing and moving out options.