Avoiding Foreclosure: What to Do When You’re Behind on Your Mortgage Payments

Avoiding Foreclosure: What to Do When You’re Behind on Your Mortgage Payments

If you’ve recently fallen behind on your mortgage payments, you may feel scared and unsure about what happens next. The good news? Acting quickly can help you keep your home—or at the very least, give you more control over the outcome.

Know Your Rights as a Homeowner

When you miss a payment, your lender will typically reach out after 30–60 days. In Georgia, foreclosure usually doesn’t begin until you’re at least 90 days behind, so use this time wisely.

Options to Avoid Foreclosure

Here are a few solutions to explore as soon as possible:

• Loan modification: Adjusting the terms of your existing mortgage.

• Forbearance: A temporary pause on payments.

• Short sale: Selling your home for less than you owe (with lender approval).

• Deed-in-lieu of foreclosure: Giving the home back to the lender to stop foreclosure.

Why Acting Quickly is Essential

The sooner you reach out to your lender or a housing counselor, the more options you’ll have. Waiting too long can close doors and make it harder to catch up.

Conclusion & Next Steps

If you’re behind on your mortgage, take action today. Contact your lender, speak to a housing counselor, or reach out to me for personalized guidance. Together, we’ll look for the best path forward.

📞 Have questions? I’m here to help. Contact me today at 706-681-4855 for a confidential chat.