05/27/2026
Getting behind on mortgage payments can feel overwhelming, but pre-foreclosure doesn’t mean you’re out of options. In fact, homeowners typically have four paths to consider:
1️⃣ Affidavit of Postponement, which buys you time
2️⃣ Sell the Home – Use your equity to pay off the loan, avoid foreclosure, and potentially walk away with money in your pocket.
3️⃣ Short Sale: negotiate with the loan servicer to get you out of a negative equity situation
4️⃣ Foreclosure: let it go, take the loss & have a 7-year hit on your credit score
The sooner you act, the more options you’ll likely have. If you or someone you know is facing pre-foreclosure, don’t wait until the last minute to explore your choices.
RealEst