Free Resource Guide
You have more options than you think. Explore every possible path, from assistance programs and loan workouts to our Home Preservation Program. Some paths may help you keep ownership; others involve selling or transferring your home. Eligibility, timing, and written terms matter. No option guarantees that a foreclosure will stop.
Negotiate with your lender to permanently reduce your interest rate, extend your loan term, or lower your monthly payment. Often a first step to explore, since lenders may prefer an affordable workout over the foreclosure process. Approval depends on your loan and financial circumstances.
Temporarily pause or reduce your mortgage payments while you recover from hardship. Your lender may formally agree to hold off on foreclosure action during this window, giving you room to stabilize and make a plan. Confirm the foreclosure status and how missed payments will be repaid in writing.
Replace your existing mortgage with a new loan at a lower rate or longer term. Works best when you still have equity and qualifying credit. A successful refinance can reduce your monthly obligations and restore long-term affordability. Missed payments can make approval difficult; compare closing costs and make sure the new loan can close in time.
Catch up on missed payments by adding an agreed extra amount to your regular monthly payment. Structured directly with your loan servicer, this lets you get fully current over time without needing one large lump sum. Make sure the temporarily higher payment fits your budget.
Pay all past-due amounts, including fees and interest, in a single lump sum by an agreed deadline. This brings your loan fully current and may resolve the foreclosure. It can fit when savings, a windfall, or family assistance becomes available. Request a written quote and confirmation of the case and sale status.
Sell your home for less than what is owed, with lender approval. A completed short sale may avoid a foreclosure sale and can eliminate your remaining deficiency balance if the lender expressly agrees in writing. It still affects your credit; approval does not automatically forgive the remaining debt.
Voluntarily sign the property title to your lender under an agreement that may release you from the mortgage debt. This can be faster than a formal foreclosure proceeding, but you give up ownership. Confirm any deficiency waiver and relocation terms in writing; credit effects vary.
Repay mortgage arrears over three to five years under federal court protection. Filing generally triggers an automatic stay that pauses foreclosure proceedings, giving eligible homeowners structured time to catch up and keep their home. Repeat filings and court orders can limit the stay; lenders may seek relief from it. Speak with a licensed bankruptcy attorney.
Discharge eligible unsecured debts to free up cash flow and relieve financial pressure. Filing generally triggers an automatic stay that may temporarily pause foreclosure. It does not directly cure mortgage arrears or guarantee you can keep the home. An attorney can explain eligibility, exemptions, and the long-term effects.
Work with a free or low-cost federally approved housing counselor who can help you communicate with your servicer. Counselors can explain available programs, review your budget, and help organize a loss-mitigation application. Counseling itself does not pause court deadlines.
State, county, or nonprofit programs may offer mortgage assistance grants or loans for homeowners in distress. Funding, eligibility, and application windows change. Ask a HUD-approved counselor what is currently open in Florida and verify it with the official provider. An assistance application does not automatically postpone a sale.
Eligible FHA borrowers may qualify for an interest-free subordinate loan through a partial claim to address mortgage arrears. It is debt, not forgiveness, and repayment is generally due when the mortgage is paid off or other agreement triggers occur. VA and USDA loans have different rules; ask your servicer which options apply to your loan rather than assuming FHA terms apply to all three.
A direct buyer may be able to close quickly without requiring repairs or a traditional listing. A completed sale can pay off your lender and potentially put remaining equity in your pocket before the foreclosure auction. Compare the offer, payoff amounts, liens, and closing costs. A signed offer alone does not cancel a scheduled sale.
Sell your home and negotiate the contractual right to remain as a paying tenant. This may keep your family in a familiar place without an immediate move, but ownership transfers. Rent, the lease term, maintenance duties, and default rules must be clear. A lease-back by itself does not include a right to repurchase.
An investor takes over your existing mortgage payments without formally assuming the loan. Title transfers, but the mortgage generally remains in your name and you are not automatically released from liability. If the buyer fails to pay, your credit and finances remain at risk. A due-on-sale clause may allow the lender to demand full repayment. Obtain independent legal review before considering this arrangement.
Inherited a property already in foreclosure? Estate-level lender negotiation may help address mortgage arrears while an attorney resolves title complications. Ask the servicer about confirming a successor in interest and work with a Florida probate attorney. Resolving title or negotiating does not itself stop the foreclosure clock.
You sell your home to us and, if you qualify, receive the contractual right to buy it back. The transaction addresses the lender payoff and may let you remain in your home as a tenant while you rebuild your financial footing. You may have up to 17 months to repurchase, subject to the written agreement. Ownership transfers at closing; repurchase and continued tenancy are not guaranteed.
Free consultations are available. There is no pressure and no obligation. Let's talk through your next step.
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