Behind on mortgage · Cincinnati
Behind on your mortgage? The earlier you act, the more options you have.
Missing a payment doesn't mean you'll lose your home. Lenders usually have to wait before starting foreclosure, and there are many ways to catch up.
Does this sound familiar?
- You missed a payment because of a job loss, illness, or emergency
- Late fees are piling up
- You're avoiding calls from your lender
- You don't know if you can catch up
You're not alone, and you're not out of options.
Your options
Every path, including the ones that don't involve selling to us.
- 01
Call your loan servicer
Ask about forbearance, repayment plans, or a loan modification. Write down who you talked to and when.
- 02
Get free counseling
A HUD-approved housing counselor can help you understand your choices and talk to your lender.
- 03
Lower other expenses
Utility help programs and other assistance can free up money for your mortgage.
- 04
Sell while you have equity
Selling before foreclosure can protect your credit and let you keep your equity.
Good to know in Ohio and Hamilton County
Federal rules generally stop lenders from starting foreclosure until you're more than 120 days behind. Use that time to apply for help.
CFPB: help for struggling homeownersFree help is available from HUD-approved counselors in Cincinnati.
HUD-approved housing counselors
General information only, not legal or tax advice. Rules change, so confirm details with the right office or a licensed professional.
Common questions
How many missed payments before foreclosure?+
Usually at least 4 months (120 days) before a lender can file, though fees start much sooner.
Will a loan modification hurt my credit?+
It may have some impact, but it's usually much less harmful than a foreclosure.
Can I sell if I'm behind?+
Yes. The missed payments and loan balance are paid off at closing.
Is selling to us a fit?
We may be a fit if catching up isn't realistic and you'd rather protect your equity. If you can save the home, we'll encourage you to do that.
Want to talk through your options?
No pressure and no obligation. A real person from our Cincinnati team will reach out to talk through your options, even if that means not selling to us.
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