It really depends on a handful of factors including your current income, the past due amount on the mortgage, the total loan payoff, the current interest rate, condition of home and more. That's why we hop on a quick call and learn your goals & see what solution is possible. Sometimes things can be done to keep the house. Other times selling the house is the best option, but can require a creative solution given the condition and timing.

The house gets sold at a public auction, typically on the courthouse steps. After the foreclosure sale, the new owner may begin eviction proceedings to remove the former homeowner from the property. A foreclosure will remain on the homeowner's credit report for up to seven years from the date of the first missed payment that led to the foreclosure. This can make it difficult to obtain future loans, including mortgages, and may result in higher interest rates on credit cards and other forms of credit.

We have helped hundreds of homeowners in the same situation and understand the complexities of foreclosures. Most individuals or companies have not experienced all the scenarios which leads them to offer one solution that is not always the best fit for the home owner. We help dozens of people every month and only want to work with those that are serious about stopping the auction.