If you have fallen behind on your mortgage and are at risk of losing your home there are potential solutions available.

1) Modify the loan: The lender reorganizes the loan to make paymets more affordable.

2) Bring the loan current: The most obvious solution, but perhaps the most challenging.

3) Contact Organizations like Iowa Mortgage Help, Iowa Legal Aid or HUD for FHA loans.

One very important piece of information that may be very helpful to avoid foreclosure is found in Iowa Code 654.21. “At any time prior to entry of judgment, the mortgagor (borrower) may file a demand for delay of sale”. Filing the demand for delay of sale may buy valuable time. Reach out for more information.

If you have exhausted all options to stay in the home, you may want to consider selling the property. This may allow you to pay off existing debts, cash out available equity and create a plan moving forward.

Three options to sell your home:

1) Off-market listing: No formal MLS listing as the property is marketed directly to local investors. No need for repairs or cleaning, quick close.

2) MLS listing As-Is condition: Listed on the Multiple Listing Service used by local realtors. No repairs, can sell quickly if priced right, limited showings.

3) Full MLS listing: Listed on MLS. Property available to agents representing buyers for showings. May require appraisal, inspections or repairs as contingency of the offer. Longest average selling time.

I specialize in helping homeowners navigate challenging situations. As a local real estate professional, I can help you evaluate all your options to ensure you are making the most informed and financially beneficial situation.

Email me."