Time is the deciding factor. Compare what's still possible before your sale date: filter by your goal and the days you have left, open any option for the details, or pick up to three to compare side by side.
13options explained, with the questions to ask
Every option here has a clock on it. Reinstatement usually ends 5 days before the sale, and a complete loss-mitigation application has to reach your servicer more than 37 days before it. A few paths are still possible up to sale day.
My goal
Time until the sale
Showing all 13 options
You pay everything you are behind on, plus fees and costs, in one payment, and the loan goes back to normal.
You make your normal payment plus an extra amount each month until the past-due balance is caught up.
Your servicer lets you pay less or nothing for a set time while you get through a short-term hardship.
Your servicer permanently changes the loan's terms (rate, length, or balance) so the payment fits your budget, and the past-due amount is folded in.
The government loan program covers your past-due amount, and you repay it later with no interest, usually when you sell, refinance, or pay off the loan.
You take out a new loan, with the same lender or a new one, that pays off the old loan and the past-due amount.
A court-supervised repayment plan, usually 3 to 5 years, that lets you catch up the past-due mortgage over time; filing stops the sale right away.
A bankruptcy that wipes out many debts; filing pauses the sale for a while, but it usually does not let you catch up the mortgage and keep the home.
You list the home on the open market, pay off the loan at closing, and keep any equity left over.
If selling is your best option, we're ready to help. We make transparent, no-obligation cash offers and can close quickly, often in a matter of weeks.
You sell the home for less than you owe, and your lender agrees to accept the sale price to release the loan.
You voluntarily sign the home over to the lender, and in return the lender releases the loan instead of foreclosing.
The lender or new owner pays you to move out by a set date and leave the home clean, instead of going to court to evict you.
Talk to a person
Tell us your dates and your goal, and we'll talk through the options that are still open to you. Every week that passes takes some of them off the table.
