Save or Sell Your Home? Make an Informed Decision with Confidence!
Your choice should be based on your financial health, family goals, and the condition of your property—not emotions.
Step 1: Assess Your Financial Health
Understanding your true monthly budget is the first step to making an informed decision. To do this effectively:
– List your monthly income and all expenses, even the ones that only come up once or twice a year.
– Use our Budget Worksheet to capture everything—from bills and groceries to annual expenses like holiday gifts and car maintenance.
– This worksheet will help you uncover hidden costs and see your true financial picture clearly.
[Download the Budget Worksheet Here]
Step 2: Evaluate Your Home’s Condition & Market Timing
The state of your property and the time before a potential Sheriff’s Sale or redemption period are critical factors:
– Is your property in good condition or in need of repairs? Major fixes may impact your decision.
– How much time remains before the Sheriff’s Sale? Are you in a Redemption Period where you can still reclaim your home?
– Understanding these timelines helps you strategize the best path forward.
Step 3: Explore Your Options
Once you have a clear view of your finances and property condition, it’s time to explore your options:
– Forbearance – Temporary pause on your mortgage payments
– Loan Modification – Adjust your payment structure
– Deed in Lieu – Transfer ownership to the lender
– Cash for Keys – Receive money to vacate the property
– Sell Wholesale – Quick cash sale
– Sell with a Realtor – List your property for maximum exposure
– Sell as a Short Sale – Settle for less than what is owed
– Ride out the Redemption Period – Stay in your home during this timeframe
– File for Bankruptcy – Consider legal options to pause foreclosure
Ready to Take the Next Step?
Making an educated, not emotional, decision can be the difference between saving your home or starting fresh with peace of mind. Fill out the form below, and let’s create a custom plan that fits your goals.
[Contact Us to Get Started]
Why Work With Us?
– Proven experience in negotiating with lenders
– Personalized action plans designed for your situation
– No cost to you—we work to keep you in your home or guide you to the best exit strategy
Your situation is unique—your plan should be too.
Budget Worksheet