How to Stop Foreclosure in Indiana

Options to Stop Foreclosure in Indiana

Foreclosure is scary, but it's not inevitable. Indiana homeowners have several options to stop foreclosure:

1. Sell Your House for Cash

The fastest way to stop foreclosure is to sell your house before the sheriff's sale. We buy houses in pre-foreclosure and can close quickly, often paying off your mortgage and giving you cash to start fresh.

2. Loan Modification

Contact your lender to discuss modifying your loan terms. They may lower your interest rate, extend your term, or reduce the principal.

3. Forbearance

A forbearance agreement temporarily reduces or pauses your payments, giving you time to recover financially.

4. Reinstatement

Pay all past-due amounts (including fees) in one lump sum to bring your loan current.

5. Bankruptcy

Filing bankruptcy can temporarily halt foreclosure, but consult an attorney as this has serious long-term implications.

6. Deed in Lieu

Voluntarily transfer your property to the lender to avoid foreclosure. This is less damaging to your credit than foreclosure.

Time is critical. The sooner you act, the more options you have. Contact us for a free consultation.