Nathan Payne walks through three ways to avoid foreclosure: negotiate a payment plan with your lender, refinance your mortgage, or roll past-due payments into a new loan. Being behind on payments makes refinancing harder, but talking to your bank early matters even if you don't think you'll qualify.
What options have you explored right now to keep the house? And what options have you explored to potentially sell it? They're like, well, you know, they don't know what options they have to sell the house. Obviously, you have the information I've given you in the course that talks about like the different options someone can have to keep their property. They can call the bank and they can work a payment plan out. They can do refinance the property if they can get a new mortgage on it. They can throw the fee or what they owe on the back of at the end part of their mortgage payment and pay that on the back end. So there's a couple things they can do when they work directly with the bank or go get a new mortgage. Unfortunately, a lot of the times is they're behind, so they're not going to qualify if they refinance or try— yeah, if they try to refinance the property, because a lot of banks are like, you don't have the income, right? But we want to approach them and let them know about
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