Question 1

What is mortgage forbearance and how do I request it?

Accepted Answer

Forbearance is a temporary pause or reduction in your mortgage payments. Any FHA, VA, Fannie Mae, or Freddie Mac borrower experiencing financial hardship can request it by calling their loan servicer and asking in writing. The servicer is legally required to evaluate you. Forbearance lasts 3–12 months depending on your loan type and hardship.

Question 2

Can I get a loan modification if I'm behind on my mortgage?

Accepted Answer

Yes. A loan modification permanently changes your loan terms — lowering your interest rate, extending the term, or deferring principal — to make your payment affordable. You must submit a Request for Mortgage Assistance (RMA) along with income documentation, bank statements, and a hardship letter. FHA, VA, Fannie Mae, and Freddie Mac servicers are required to review all delinquent borrowers for modification before foreclosing.

Question 3

What happens if I can't keep my house?

Accepted Answer

If keeping your home is not possible, you have options: a short sale (sell for less than you owe with lender approval), a deed-in-lieu of foreclosure (transfer the deed voluntarily in exchange for debt cancellation), or a cash sale to an investor who can close quickly and stop foreclosure before it hits your credit.

Question 4

Do I qualify for loss mitigation on an FHA, VA, Fannie Mae, or Freddie Mac loan?

Accepted Answer

Yes. All four loan programs — FHA (HUD), VA, Fannie Mae, and Freddie Mac — have federally mandated loss mitigation requirements. Your servicer must evaluate you for every applicable option in order before foreclosure can proceed. This is true regardless of how many payments you have missed.

Question 5

How fast can I sell my house to stop foreclosure?

Accepted Answer

A cash buyer can typically close in 7–14 days — fast enough to stop most foreclosure timelines before the sale date. We buy houses as-is, pay all closing costs, and can work with your servicer to ensure the payoff is processed before the auction.

Question 6

What is a referral fee for distressed homeowner leads?

Accepted Answer

Real estate agents, wholesalers, attorneys, and other professionals who refer homeowners facing foreclosure can earn $2,500–$5,000 at closing. You submit the lead, we handle everything, and you receive payment when the deal closes.

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