If you're behind on payments, here are 7 strategies to stop foreclosure — from loan modification to a cash sale — with timelines and credit impact for each.
Foreclosure doesn't happen overnight — there's usually a window to act. The key is knowing your options before the window closes.
A cash sale to KashHomeBuyers closes in 7-21 days. Your lender is paid in full at closing, the foreclosure process stops, and your credit shows a completed sale — not a foreclosure. This is the most effective option if you have equity.
Ask your servicer to modify the loan terms (lower rate, extended term, deferred payments). Takes 30-90 days to process — start immediately. Success rates vary by lender.
A temporary pause on payments while you get back on your feet. Must be requested from your servicer. Missed payments are typically added to the end of your loan.