How to walk away from your mortgage and survive!

Here we are in the second half of 2022. Just when you thought it was safe. Home prices went up astronomically. But as of right now home values in a majority of states appear to have reached their peak and in many cases a decline is happening already. Now here you are back to where you were few months to a year ago. Still making payments on an unwanted or unmanageable mortgage. You could have used those funds for something that you need or even want.

Or like many unfortunate homeowners you're unemployed. Reduced income. Or an investor or landlord with non paying tenants not just for a few months but since the pandemic started. In forbearance. Trying to figure out how you're gonna come up with all those back payments in one lump sum. And is it worth it? No matter what your situation is. The question remains: How do you walk away and survive? Can you? And not foreclose. 

Now there are arguments against walking away from an unwanted or unmanageable mortgage such as on moral or ethical grounds. However most people who walk away believe they have good reason to do so. Things like a sudden reduction in income or just plain losing their job rank in the top. A necessary relocation or out of state move is next. Divorce or significant other separation. Some even tried land lording but the expenses related to the repairs, maintenance, insurance, taxes and dealing with defaults, evictions and tenants from hell have swayed many homeowners from that route. There are many other valid reasons as well.

However all have 2 common problems:

#2. The home cannot be "traditionally" sold NOW, which means the mortgage can't be paid off or satisfied now but in the future. The balance owed on the mortgage is more than the market value of the home. Commonly known as being upside down or underwater. This means negative equity/no equity.

Or their could be some equity in the property. But disposing of the property via a traditional sale and closing would wipe out that equity with standard fee's, realtor commissions and other closing costs and may even have to come to the table with cash to pay the deficiency of in order to sell the house! 

#1. You want to stop making mortgage payments NOW. Is there an equity option? Yes! Is there a non equity option? Yes! Homeowners Relief Options. Stop making mortgage payments now. We'll take over and you move on.

Homeowners Relief Options has a mortgage relief program known as the HomeownersRelief Program, a no equity option that helps many home owners who are under water or upside down on their mortgage and home. This mortgage relief option is exactly what it is. An option. Which means it is an alternative, a choice. It may not be a fit for all homeowners looking for a way to get out from paying a mortgage that they can no longer afford or no longer want to pay. Most homeowners feel stuck between a rock and a hard place.

If you are one of these homeowners and you're seeking a way to relieve yourself of your monthly mortgage payments and can't sell your house right now but do not want to foreclose, do not want to be a landlord, don't want repair, maintenance, tax issues, etc. then this is an option for you.

Think of it this way. We manage the home while WE (Homeowners Relief Options) see that the mortgage payments are made via the Homeowners Relief Program. You move on. In exchange for us making sure that your monthly mortgage payments are made, maintaining the property, paying the insurance, paying the taxes, making repairs, handling tenant buyers, and ultimately selling the property which then removes your name from the mortgage, all of which requires our time, effort and money, we ask in return some security.

That security for us is to be named the legal owners of the property we're paying the mortgage on. After all why would we pay a mortgage on a property that we don't have some sort of interest, security or ownership of?

So if you are one of these homeowners who have examined all other options and those options are not feasible financially, then this may be an option or solution to your unwanted or unmanageable mortgage payment and house. Call Homeowners Relief Options. Once we take over...You can then move on.

Download a Mortgage & Home Fact form without any obligation from you at https://www.HomewnersReliefOptions.com. Simply fill out where applicable and either email, fax or mail back to us and we'll contact you within 72 hours and start the process if you decide to move forward. If you have questions or concerns you can read about our > Homeowners Relief Program < here or just send us an email to Info@HomeownersReliefOptions.com or call us at (623) 738-4398.

Read more information at our website here: https://www.HomeownersReliefOptions.com.

We serve nationwide and local homeowners.

by C. Lenett

Homeowner Advisor

Correspondence Address:

Homeowners Relief Options

4926 E McDowell Rd., Suite 104

Phoenix, Arizona 85008