Find what fits your situation

You pay everything you are behind on, plus fees and costs, in one payment, and the loan goes back to normal.

Timeline

As soon as you have the funds; get a quote first

Credit impact

Late payments stay on your report; no foreclosure

You make your normal payment plus an extra amount each month until the past-due balance is caught up.

Timeline

Often set up in days to a few weeks; plans usually run 3–12 months

Credit impact

Past late payments stay; can stop new late marks once current

Your servicer lets you pay less or nothing for a set time while you get through a short-term hardship.

Timeline

Often approved within days to weeks; usually lasts 3–12 months

Credit impact

Depends on the agreement; ask how it will be reported

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.

Timeline

Servicer must decide within 30 days of a complete application; trial plans usually last 3 months

Credit impact

Late payments before the modification stay; no foreclosure

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.

Timeline

Often part of a 3-month trial; ask your servicer

Credit impact

Late payments before it stay; brings the loan current

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.

Timeline

Usually 30–60 days to close

Credit impact

Late payments stay; no foreclosure

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.

Timeline

Filing stops the sale the same day; the plan lasts 3–5 years

Credit impact

Can stay on your credit report up to 7 years

You list the home on the open market, pay off the loan at closing, and keep any equity left over.

Timeline

Often 30–60 days to find a buyer and close

Credit impact

Late payments stay; no foreclosure

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.

Timeline

Often a few days once title is clear

Credit impact

Late payments stay; no foreclosure

You sell the home for less than you owe, and your lender agrees to accept the sale price to release the loan.

Timeline

Often 60–120 days or more for lender approval and closing

Credit impact

Negative, but usually viewed as less severe than a foreclosure

You voluntarily sign the home over to the lender, and in return the lender releases the loan instead of foreclosing.

Timeline

Often 30–90 days to approve and complete

Credit impact

Negative, but usually viewed as less severe than a foreclosure