How Loss Mitigation Can Help You Avoid Foreclosure?

If you’re behind on mortgage payments or worried you might miss one soon, you’re not alone, and you’re not out of options. Mortgage delinquency can feel overwhelming, but loss mitigation may offer a lifeline to help you stay in your home and avoid foreclosure.

Let’s unpack what that means and why taking action sooner, not later, can change everything.

• Loss mitigation helps you avoid foreclosure through structured repayment solutions.
• Options include loan modifications, repayment plans, forbearance, and short sales.
• It’s not just for VA borrowers; available to all mortgage holders.
• Acting early boosts your chances of approval and long-term success.

Loss mitigation refers to steps your mortgage servicer or lender can take to help you avoid foreclosure. These solutions don’t erase your debt, they’re designed to make repayment possible based on your circumstances.

• Loan Modification: Your loan terms are adjusted (e.g., extending the term, reducing the interest rate) to lower your monthly payments.
• Repayment Plan: You pay the missed amount over time, added to your regular payments.
• Forbearance: Temporarily reduces or pauses your mortgage payments.
• Short Sale: You sell your home for less than what you owe, often a last-resort alternative to foreclosure.

Pro Tip: Always contact your lender before you miss a payment. Early action = more options.

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Save up to 1.5% at closing when you combine real estate and mortgage services with reAlpha.

Check If You Qualify

Loss mitigation is not limited to specific loan types like VA loans, it’s available to all borrowers, including those with FHA, Conventional, Jumbo, or Non-QM loans.

Key qualifying factors include:

• Demonstrated financial hardship (e.g., job loss, medical expenses, divorce)
• Willingness to work with your lender
• Viable income or a plan to resume payments

Heads up: You’ll likely need to submit income documents, hardship letters, and expense summaries.

1. Reach out to your mortgage servicer immediately. Don’t wait to fall behind.
2. Ask about available options and the application process.
3. Submit the required documents promptly. Delays can derail your approval.
4. Stay in communication throughout the process.

Need extra guidance? reAlpha Mortgage provides expert support to help you navigate your loss mitigation options and protect your home.

reAlpha is transforming the homebuying journey with a smarter, more affordable approach. Through the reAlpha platform, eligible buyers can unlock up to 1.5% of the buyer agent’s commission as a rebate - giving you real cash savings to apply toward inspections, closing costs, or upgrades.

Whether you're in the market to buy or looking for long-term mortgage support, Realpha helps demystify the process, and you won’t pay agent commissions.

And with reAlpha Mortgage (NMLS #1743790), you receive expert home loan guidance designed to fit your unique financial situation - from first contact to close.

Buying a home is a big decision - and having the right information puts you ahead. But the real advantage comes from pairing smart research with a smarter way to buy.

When you use a reAlpha real estate company, you can be eligible to receive up to 1% of the home purchase price back as a credit at closing. Add reAlpha Mortgage, and that rebate can increase to up to 1.5% back, helping offset closing costs and keep more money in your pocket when it matters most.

The rebate is simple, transparent, and applied directly at closing - no complicated hoops, no delayed payouts. Just real savings tied to using a fully integrated homebuying experience.

See how much you could save:

• Check your eligibility
• Explore homes that fit your budget today.
• Your next move could come with thousands back at closing.

Estimate your savings → Rebate Calculator

Ready to explore smarter savings? Start here with reAlpha Mortgage.

• reAlpha Mortgage is a licensed mortgage broker, NMLS ID #1743790.
• Information provided is for educational purposes only and does not constitute financial or legal advice.
• Rates, terms, and program availability may vary by state and are subject to change without notice.
• All loans are subject to underwriting approval. Not all applicants will qualify.
• reAlpha is a real estate technology platform and does not directly offer mortgage loans or financing.
• Partnerships referenced are for informational purposes only and do not represent a joint venture, ownership, or agency relationship.

Buying a Home? Get up to 1.5% Cash Back at Closing

Get pre-approval first, then start exploring homes knowing you can receive up to 1.5% of the home price back at closing.

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