Falling behind on mortgage payments can feel overwhelming. Whether it’s due to job loss, medical bills, or unexpected life changes, the fear of foreclosure is real—but it’s not your only option.
At Sold on Sight, we’ve worked with countless homeowners who felt stuck and didn’t know where to turn. We specialize in helping people just like you find a way forward, including how to avoid foreclosure, protect your credit, and even sell your house fast for cash if that’s your best path. If you’re in a similar situation, know this: you do have choices. Below are some of the most common ways to avoid foreclosure and regain control of your situation.
📌 1. Talk to Your Lender About Forbearance or Loan Modification
If you’ve only missed a few payments, your first step should be contacting your mortgage servicer. Many lenders offer temporary forbearance or loan modification options that can lower or pause your payments while you get back on your feet.
- Forbearance: Temporarily pauses or reduces payments for a set period.
- Loan modification: Adjusts the terms of your mortgage to make it more affordable long-term.
Don’t wait. The sooner you reach out, the more options you’ll likely have.
🏡 2. Sell Your Home Before Foreclosure Hits
If you don’t think you can catch up on payments, selling your home before foreclosure could be a smart move. The key is to act quickly.
Selling on the traditional market can take time and often requires costly repairs, showings, and fees. That’s why many homeowners in distress choose to sell to a cash home buyer like SOS.
- No repairs or cleaning needed
- Close in as little as 7 days
- Avoid the hit to your credit from foreclosure
Even if your home needs major work or you owe more than it’s worth, we can often help with creative solutions.
💰 3. Consider a Short Sale (If You Owe More Than It’s Worth)
A short sale allows you to sell your home for less than you owe on your mortgage, with your lender’s approval. While it can still affect your credit, it’s generally better than a full foreclosure.
Short sales require paperwork and patience, but working with an experienced team (like SOS) can help speed up the process.
🏛️ 4. Look Into Foreclosure Assistance Programs in Virginia
If you’re struggling with mortgage payments in Hampton Roads or anywhere in Virginia, you may qualify for state or federal programs designed to help homeowners avoid foreclosure, especially if your hardship is due to job loss, medical issues, or rising living costs.
Some options to explore include:
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Virginia Mortgage Relief Program (VMRP) – Part of the federal Homeowner Assistance Fund, this program provides financial help for mortgage payments, property taxes, and insurance.
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HUD-Approved Housing Counselors in Virginia – These counselors can guide you through loan modification, forbearance, or even a short sale.
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Local programs and nonprofits – Organizations throughout Virginia Beach, Norfolk, Newport News, and surrounding areas offer housing support services.
Even if you’re not sure where to start, we can help connect you with the right resources—and if selling your home feels like the best option, Sold on Sight can help you sell fast and avoid foreclosure altogether.
🤝 How SOS Can Help You Move Forward
If you’re stressed, behind on payments, or getting foreclosure notices, we’re here to help. Sold on Sight specializes in working with homeowners in tough situations and offering real solutions, fast.
✅ No closing costs or hidden fees
✅ Close on your timeline—in as little as 7 days
✅ We buy homes as-is, no repairs or inspections needed
You don’t have to go through this alone. Whether you choose to sell or explore another route, we’ll help you understand your options and make the best decision for your future.
Want to see what your home might sell for in cash?
Contact SOS today for a free, no-obligation offer
Frequently Asked Questions
Can I sell my house if I’m behind on mortgage payments?
Yes, you can. In many cases, selling your house before foreclosure is the smartest move, especially if catching up on payments isn’t realistic. A cash home buyer like Sold on Sight can help you sell your house fast, even if you’re behind or facing foreclosure proceedings.
What happens if I can’t pay my mortgage in Virginia?
If you miss a few payments, your lender may begin the foreclosure process. But Virginia is a non-judicial foreclosure state, meaning the process can move quickly—sometimes in as little as 60–90 days. That’s why it’s critical to act fast and explore options like loan modification, forbearance, or a fast home sale.
Is it better to do a short sale or go through foreclosure?
A short sale typically has a less severe impact on your credit than a foreclosure and may allow you to walk away from your mortgage with less debt. However, the process can be slow and requires lender approval. Selling directly to a buyer like SOS is often faster and less stressful, especially if you need to sell your house as-is.
What assistance is available in Virginia to avoid foreclosure?
Virginia homeowners may qualify for the Virginia Mortgage Relief Program (VMRP), part of the federal Homeowner Assistance Fund. HUD-approved housing counselors in the Hampton Roads area can also help you understand your options.
How fast can I sell my house with Sold on Sight?
We can make you a no-obligation cash offer within 24 hours and close in as little as 7 days. There are no commissions, no closing costs, and no repairs required. We buy houses as-is, even if you’re behind on payments or facing foreclosure.