Engage with Your Lender

• Early Communication: Inform your lender about your financial situation as soon as possible.
• Mortgage Relief Options: Discuss deferment and forbearance solutions to manage immediate payment challenges.

Reassess Your Loan Terms

• Loan Modification: A revision of your mortgage terms might be necessary if you’re facing long-term financial changes.
• Bankruptcy Considerations: Though it’s an immediate stop to foreclosure, bankruptcy is complex and should be discussed with a legal professional.

Alternative Sale Options

The Short Sale Route:

• Lender Agreement: Your lender needs to approve a payoff amount that’s less than the balance owed.
• Credit Impact: While less damaging than foreclosure, short sales may still affect your taxes and credit.

True American Enterprises’ Approach to Foreclosure Prevention

• Streamlined Property Purchase: We buy homes directly, offering you a potential escape from foreclosure.
• Work with Lenders: Our team can negotiate with lenders to cease the foreclosure process.
• Quick & Compassionate Solutions: Regardless of your home equity, we provide swift services mindful of your situation.

Choose a Stress-Free Path with True American Enterprises 

Don’t let foreclosure loom over you. Trust True American Enterprises to provide alternatives that alleviate the financial and emotional strain of foreclosure. Reach out to us for a candid conversation about your options. Call (801) 513-1384 or visit https://www.trueamericanre.com/ to discover how we can help with foreclosure prevention in Utah.