can't pay your mortage

Here’s What to Do if You Can’t Pay Your Mortgage

You may be asking if you can't pay your mortgage, what happens? Today, more Americans are finding it challenging to keep up with their mortgage payments. While there are options available to extend the mortgage or defer payments, these forms of financial relief are rarely long enough and often come at a high price. 

If you are having trouble making your mortgage payment each month and are already behind several months, you may be looking to sell your house to avoid destroying your credit. What are your options for getting out of the mortgage? Which one makes the most sense financially? Let’s take a closer look at what to do if you can’t pay your mortgage and need to sell your house fast in Riverside, California.

What Options Are Available for Getting Out of Your Mortgage?

If you can't pay your mortgage, surprisingly, there are several things you can do to get out of your mortgage. However, many of them come at a substantial financial cost.

Sell Your House

The most obvious and least detrimental option is to sell your house on the market as fast as possible. Keep in mind that a traditional sale typically takes 60 to 90 days. Plus, you’ll need to add in time for repairs, listing, finding a realtor, and closing. You may not have that kind of time. However, the bank may work with you to see that you are trying to sell the house.


Foreclosure never looks good on paper. It can also do severe damage to your credit, making it nearly impossible to finance another house any time soon. However, sometimes you just need to let the house go and walk away. The bank will repossess the house, but you don’t have to worry about your mortgage. 

Short Sale

You may have recently noticed that the value of your house is lower than the balance on your mortgage. This is known as an upside-down mortgage. It may be time to sell the house because it’s no longer worth owning the property. You can find a buyer who will buy it at a lower price so that the lender can recover some or all of the mortgage.

Deference or Forbearance

If you are determined to keep the house but see no end in sight with late payments, you may choose a deferment or forbearance plan. These types of options give you a small break to allow you to reset financially before taking on your mortgage again. However, you may trade short-term payment relief for double payments or higher interest down the road.

    Get Your Fair & Honest All-Cash Offer Today! No Obligations!

    Or Call Us Now At 877-221-8080

    Is There a Better Option for Getting Out of My Mortage?

    If you want to let go of the house and can't pay your mortgage altogether, your best option may be to sell your house as-is for cash directly to a buyer. At House Today Cash Tomorrow, we help homeowners in your situation. We buy houses as-is and close in as little as seven days, giving you the freedom to walk away. We can buy your house in three easy steps.

    Sell Your House Fast As-Is

    If you sell your house the traditional way, you may have to wait 60 to 90 days before finding a buyer. We can offer within 24 hours and close on the sale in as little as seven days. If you are in a situation where you need to sell your house immediately, we can help.

    We Simplify the Process

    There is nothing easy about selling your house in the traditional way. You have to list the house, find a realtor, make repairs, and show the house to multiple potential buyers. We eliminate all the steps and create an easier path to selling your house.

    You Avoid Selling Expenses

    When you go through a realtor, you incur a wide range of expenses, including marketing, repairs, renovations, closing costs, and realtor commissions. It costs you nothing to sell your house as-is to a local home buyer. You can pocket that money at closing.

    We Know the Anaheim Market

    House Today Cash Tomorrow buyers know the local real estate market. We understand the challenges of selling your home and know your property's actual value. We will make you a fair cash offer based on a healthy percentage of your house’s current market value.

    Contact House Today Cash Tomorrow to Sell Your House

    You don’t have to wait to unload your property. If you need to sell your house fast in Southern California, contact House Today Cash Tomorrow. We can look at your property, make an offer, and close in as little as seven days. We are local home buyers in Southern California. To schedule a walkthrough of your house, call 877-221-8080 and get a fair cash offer.

      Get Your Fair & Honest All-Cash Offer Today! No Obligations!

      Or Call Us Now At 877-221-8080