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Behind on payments

Behind on your mortgage? You have options

Missing a payment or two doesn’t have to end in foreclosure. Here’s what you can do now, and how a fast cash sale can protect your equity if selling makes sense.

  • Act before it becomes a foreclosure
  • Keep the equity you’ve built
  • No fees, and we pay closing costs
★★★★★ 120+ five-star ratings•BBB Accredited•We pay all closing costs
STEP 1 OF 2

See what your house could sell for

Takes 30 seconds. No obligation.

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Start here

What to do when you fall behind

The earlier you act, the more options you have. These are the usual paths, roughly in the order to consider them.

Call your servicer

Ask about forbearance, a repayment plan or a loan modification. Lenders often have programs, but you have to ask.

Talk to a housing counselor

HUD-approved housing counselors review your situation for free and can help you talk to your lender.

Downsize or refinance

If the payment is simply too high, a cheaper home or a new loan may fix the problem for good.

Sell before it escalates

If keeping the house isn’t realistic, selling now protects your equity and your credit. Get an offer →

Step by step

If selling is the right move

  1. Get a free offer. There’s no obligation. Knowing the number helps you compare your options.
  2. See what you’d walk away with. We show the payoff, any past-due amounts, and what’s left for you.
  3. Choose your closing date. As soon as 2–3 weeks, or later if you need time to find your next place.
  4. Close and move on. The loan is paid off in full at closing, including missed payments, and the rest is yours.

General information, not financial advice. A HUD-approved housing counselor can review your options for free.

Why sell sooner rather than later

  • More equity left for you
  • Less damage to your credit
  • No foreclosure fees added to the loan
  • Time to plan your move
  • We pay all of your closing costs
FAQ

Questions about missed payments

How many missed payments before foreclosure starts?

Under federal rules, mortgage servicers generally can’t start the foreclosure process until a loan is more than 120 days behind. After that, the timeline depends on your state.

Can I sell my house if I’m behind on payments?

Yes. The missed payments, fees and the rest of the loan are paid off from the sale at closing.

Will I get any money from the sale?

If the house is worth more than what you owe, the difference is yours after closing. We’ll show you the estimate before you decide anything.

What if I want to keep the house?

Then talk to your servicer and a free HUD-approved housing counselor first. If you decide later that selling makes sense, we’re here.

Other situations we help with
Facing foreclosureInherited houseProbate propertyDivorceProblem tenantsNeeds repairs / as-isMoving to assisted living
Where we buy

We buy houses in 30+ markets, including Houston, Dallas, Phoenix, Atlanta, Tampa Bay, Las Vegas and Chicagoland. See all markets →

Know your number before you decide

Get a free, no-obligation cash offer within 24 hours.

Get My Cash Offer →(312) 818-3954
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