Missing one payment feels recoverable. By the third, the letters turn threatening, the fees stack up, and foreclosure stops being a distant word. Here's what the bank won't tell you: at this stage you have more leverage than you think — because you still own the house and its equity. Acting early is the difference between choosing your outcome and having one chosen for you.
Your realistic options right now
- Catch up or modify the loan — works if the hardship was temporary. Ask your lender about forbearance first.
- List with an agent — can net more, if the house shows well and you can float payments for 2–3 more months.
- Sell fast for cash — stops the bleeding now: the loan gets paid off at closing and late fees stop accruing.
- Do nothing — the only truly bad option. Fees compound, equity erodes, and foreclosure becomes inevitable.
What a fast sale actually does for you
The moment we close, your mortgage is paid off in full — missed payments, fees and all — and whatever equity remains goes to you in cash. The late marks on your credit stop accumulating, and you avoid the foreclosure entry that would follow you for seven years. Tell us where things stand and we'll show you your numbers, judgment-free.
No pressure, ever. Our offer is free and comes with zero obligation. Even if we're not the right fit, we'll point you in the right direction.
Behind and not sure what to do?Tell us about the house and how far behind you are. It's confidential.
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Foreclosure guides
How it works
Tell us about the property, get a fair cash offer within 24 hours, and close on the date you choose — in as little as two weeks. We buy as-is, pay typical closing costs, and never charge fees or commissions.
Questions sellers ask
What happens when you miss a mortgage payment?
Most loans charge a late fee after a grace period, and once you’re 30 days behind, the missed payment can be reported to the credit bureaus. Your servicer is also required to reach out early about your options. The sooner you act, the more choices you have.
How many mortgage payments can you miss before foreclosure?
Federal rules generally keep a servicer from starting foreclosure until you’re more than 120 days behind, which is roughly four missed payments. In Georgia, Texas and Tennessee, a sale can follow quickly once foreclosure starts, so don’t wait for that point. If you’re already a few months behind, tell us where things stand and we’ll show you your options.
Who can help me if I’m behind on my mortgage?
Start with your lender and ask about forbearance, a repayment plan or a loan modification. A free HUD-approved housing counselor can also go over your options with you; HUD’s line is 800-569-4287. If selling is the better path, we’ll give you a no-obligation cash offer so you can compare.
Can I sell my house if I’m behind on mortgage payments?
Yes. The missed payments, fees and loan balance are paid off from the sale at closing, and whatever is left goes to you. If you owe more than the house can sell for, the lender has to approve the sale, and we’ll tell you up front if that’s where you are.
Will selling my house hurt my credit if I’m behind on payments?
Late payments already reported stay on your credit report, but a sale that pays off the loan stops new late marks and avoids a foreclosure on your record. That can make a real difference when you apply for credit or a rental later. Tell us where things stand, and we’ll walk you through the numbers.
