Pre‑Foreclosure: How to Fix It
If you’ve fallen behind on mortgage payments, you still have time and options. Here’s what pre‑foreclosure means, how the process works, and the fastest ways to stop it.
What is pre‑foreclosure?
Pre‑foreclosure is the early stage after multiple missed mortgage payments when your lender notifies you that the loan is in default. You still own the home at this point, and you still have options to catch up, restructure, or sell before a foreclosure starts.
Timelines and notices vary by state and by lender. The sooner you act, the more choices you keep.
How the pre‑foreclosure process works
Short grace period; you can usually cure quickly with a late fee.
May be reported to credit bureaus; servicer begins loss‑mitigation outreach.
More fees; a single point of contact may be assigned to discuss solutions.
Formal notice of default (state‑specific). This is the heart of pre‑foreclosure—and your window to act.
Lender may initiate foreclosure if no arrangement is in place. Act before this point for more options.
What you can do to stop pre‑foreclosure
Pick the path that fits your income, equity, and timeline.
Call your servicer
- Why: Opens formal relief programs.
- Ask about: Forbearance, repayment plans, loss‑mitigation review.
Repayment plan or forbearance
- Repayment: Add past‑due amounts to future payments.
- Forbearance: Temporarily reduce or pause payments.
Loan modification
- Change terms: Lower rate or extend term to reduce payment.
- Best for: Long‑term affordability after hardship.
Refinance
- Goal: Replace the loan with better terms early.
- Note: Gets harder after missed payments—act fast.
Traditional sale
- Use when: You have equity and want a clean reset.
- Benefit: Pay off arrears, protect credit, keep any proceeds.
Short sale
- What it is: Lender allows sale below balance.
- Upside: Avoids foreclosure; deficiency relief varies.
Deed in lieu
- What it is: Transfer ownership to satisfy the debt.
- Use when: Last resort alternative to foreclosure.
Chapter 13 bankruptcy
- Effect: Can stop a foreclosure sale and structure repayment.
- Note: Consult a qualified bankruptcy attorney.
HUD‑approved counselor
- Why: Objective guidance and paperwork help.
- Cost: Typically free or low‑cost.
This page is general education, not legal or financial advice. Programs vary by state and lender—get personalized guidance before you decide.
Common questions
How long does pre‑foreclosure last?
It depends on your state and lender. Many timelines reach a critical point around 120 days of delinquency. Acting early keeps the widest set of options.
Will I lose my home in pre‑foreclosure?
No—pre‑foreclosure is the warning stage. You still own the home and can catch up, modify, refinance, or sell before a foreclosure begins.
Can I sell my home during pre‑foreclosure?
Yes. If you have equity, a traditional sale can fully resolve the loan. If you’re underwater, a lender‑approved short sale may be possible.
Get help now
Based in the Inland Empire, we work quickly and discreetly to help homeowners stop pre‑foreclosure—keeping or exiting the home on the best terms available.
Prefer to call or text? Text (909) 801‑1976 • Text “HELP”
