I’ve missed a few mortgage payments, what will happen?

Your home may undergo the foreclosure process, but there are ways for you to prevent this from happening.

What should I do once I am behind on my mortgage payments?

Do not wait. Get help early. By actively working to resolve the issue as soon as possible you increase your chances of avoiding the loss of your home through foreclosure.

Why would my lender help me stay in my home than foreclose?

There are several reasons your lender may be interested in other options than foreclosure. On average, lenders will take a substantial loss of $50,000 from a foreclosure.

Is a short sale right for me?

Reasons why many decide to short sell: If you owe more than your property is worth If you are struggling to make mortgage payments If your interest rate, monthly payments or mortgage balance has been increasing

How much is this going to cost me?

The lender pays us a commission (only when the sale is complete) and will even pay some additional fees and costs. We charge absolutely nothing to the homeowner.

Will I have to move out immediately if the lender agrees to short sale?

No. Even if someone makes an off on the house it can still take three to four months for the short sale to be approved giving you time to make living arrangements.

Can I short sale if my payments are current?


Can I short sale if I missed or am behind payments?

Yes. You can even short sale if your home is in default

What is HAFA?

HAFA is a government sponsored short sale program. The Home Affordable Foreclosure Alternatives program provides mortgage lenders and servicers financial incentives for allowing homeowners to short sell their homes. It also provides up to $3,000 for moving expenses once the short sale is complete to the homeowner.