Behind on Mortgage Payments? Here Are Your Options Before Foreclosure (2025 Guide)

​If you're behind on your mortgage payments in 2025, you're not alone—and you have more options than you might think. Whether you're in Houston, this guide outlines practical steps to help you avoid foreclosure and regain financial stability.​

1. Contact Your Mortgage Servicer Immediately

The first and most crucial step is to reach out to your mortgage servicer as soon as you anticipate or experience difficulty making payments. They can provide information on available relief options tailored to your situation. Delaying this communication can limit your options and increase the risk of foreclosure. ​Bankrate+2Upsolve+2Consumer Financial Protection Bureau+2

2. Explore Mortgage Relief Options

Several programs are designed to assist homeowners facing financial hardship:​HUD Exchange+4Urban Institute+4The Mortgage Reports+4

• Forbearance: Temporarily reduces or suspends your mortgage payments. Note that interest may still accrue during this period. ​Wikipedia+1FDIC+1

• Loan Modification: Permanently alters the terms of your loan to make payments more affordable. Fannie Mae​

• Payment Deferral: Allows you to move missed payments to the end of your loan term. Fannie Mae​

• Repayment Plan: Lets you catch up on missed payments by adding a portion to your regular monthly payments. Fannie Mae

3. Seek Assistance from HUD-Approved Housing Counselors

Housing counselors approved by the U.S. Department of Housing and Urban Development (HUD) offer free, expert advice to help you navigate your options. They can assist with budgeting, understanding relief programs, and communicating with your lender. Consumer Financial Protection Bureau

4. Consider Refinancing or Short Refinance

If you have sufficient equity and a stable income, refinancing your mortgage could lower your monthly payments. In cases where your home's value has decreased, a short refinance might be an option, allowing you to refinance for the current market value. ​Wikipedia

5. Understand the Foreclosure Timeline

Typically, foreclosure proceedings can begin after 120 days of missed payments. However, this timeline can vary based on your loan type and state laws. Being proactive can provide more opportunities to find a solution. ​BankrateNolo

6. Explore Selling Your Home

If keeping your home isn't feasible, selling might be a viable option:​

• Traditional Sale: Selling your home on the market could provide enough funds to pay off your mortgage.​

• Short Sale: If your home is worth less than the mortgage balance, your lender may agree to a short sale, accepting less than what's owed. ​

• Deed in Lieu of Foreclosure: You voluntarily transfer ownership of your home to the lender, releasing you from the mortgage obligation. ​Wikipedia

  
  

7. Beware of Foreclosure Scams

Be cautious of companies or individuals offering quick fixes or charging fees for foreclosure prevention services. Always verify credentials and consult with HUD-approved counselors or legal professionals before proceeding. ​Fannie Mae+3Texas Housing and Community Affairs+3Upsolve+3

📞 Take Action Today

Delaying action can limit your options and increase financial strain. If you're in Texas and need guidance on navigating mortgage challenges, HighBall Homes is here to help.​

👉 Get your HighBall Offer today to see how much you're leaving on the table! Selling fast and as-is doesn't mean cheap.

Our team specializes in assisting homeowners through difficult transitions, ensuring you make informed decisions every step of the way.

Note: This guide is for informational purposes and does not constitute legal advice. Consult with a qualified attorney or housing counselor for guidance specific to your situation.