Mortgage problems call for a clear look at your finances, your goals, and any deadlines. Start by deciding whether you want to keep the home or explore a sale or transfer.
Start With Your Mortgage Servicer
Contact the company that handles your mortgage payments and ask about available assistance. A HUD-approved housing counselor can also help you explore options.
Options to Discuss
| Option | Purpose | Key question |
|---|---|---|
| Loan modification | Change existing mortgage terms. | Can you afford the proposed payment over time? |
| Short sale | Sell for less than the mortgage balance with approval. | What happens to the unpaid balance? |
| Deed in lieu | Transfer ownership to the lender by agreement. | What obligations does the agreement release? |
Prepare for a Conversation
- Gather your mortgage statement and correspondence.
- List your income, expenses, and payment history.
- Keep copies of court papers and any sale notices.
- Write down whether you want to stay in the home or leave.
Have You Received Legal Papers?
If foreclosure is imminent or you have been served with legal papers, consult an attorney promptly. This overview does not assess your case or determine your response deadline.
Contact Boss Law
Describe your situation or call 727-877-3188. Include any scheduled dates and ask what assistance is available.